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Jan 3, 2022

The curious story of Elon Musk’s Tesla stock sales and SpaceX’s fundraising

Posted by in categories: Elon Musk, internet, space travel, sustainability

It looks like Elon is putting more of his money into SpaceX. This makes sense as he has tons of money and SpaceX seems to have more growth potential than Tesla because his Starlink and Starship will both be very hard for other companies to compete against. (Just the amount of capital it would take to make competing products is staggering.)

I’m not saying that Tesla won’t be worth $10 trillion one day, I’m just saying SpaceX has more growth potential. Elon seems to agree.


What’s Elon Musk doing with the billions he’s collected in the past two months from selling shares in Tesla?

It seems possible, maybe even likely, that he’s put at least some of the money into SpaceX, the other company of which he is CEO and primary shareholder.

Most of the proceeds from his $16.4 billion in Tesla stock sales since November 8 will go to pay an estimated $11 billion federal tax bill, leaving him with more than $5 billion to do whatever he sees fit.

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