He has total control of SpaceX - he made it so “investors” have no ability to override any of his decisions.
He doesn’t have full control over Tesla, because he’s not a majority shareholder, and the board can vote him out.
He wants SpaceX to buy Tesla so he can have 100% control over all of it. I would place a pretty substantial bet that he buys Tesla with the same “non-voting” SpaceX shares that he sold to retail investors during the IPO.
I mean, he self funded it with something like 180 million dollars. He didnt have to take huge amounts of investors money before that 180 million was worth a shit ton more, and he had launch contracts with NASA to generate income.
So he made it, by building a successful company with his own money and then getting investors to take a small % of his ownership and they were seemingly happy to do it
Edit: really, this is every founders dream. Bringing in investors has so many strings attached and he was able to build something where he could significantly limit that. If you can bootstrap your business you’ll be better off in the long run.
He has total control of SpaceX - he made it so “investors” have no ability to override any of his decisions.
He doesn’t have full control over Tesla, because he’s not a majority shareholder, and the board can vote him out.
He wants SpaceX to buy Tesla so he can have 100% control over all of it. I would place a pretty substantial bet that he buys Tesla with the same “non-voting” SpaceX shares that he sold to retail investors during the IPO.
I mean, he self funded it with something like 180 million dollars. He didnt have to take huge amounts of investors money before that 180 million was worth a shit ton more, and he had launch contracts with NASA to generate income.
So he made it, by building a successful company with his own money and then getting investors to take a small % of his ownership and they were seemingly happy to do it
Edit: really, this is every founders dream. Bringing in investors has so many strings attached and he was able to build something where he could significantly limit that. If you can bootstrap your business you’ll be better off in the long run.