SpaceX is essentially the most invaluable area firm on the planet—and it’d provide Elon Musk the important thing to unlocking his empire.
It’s onerous to really feel pity for the world’s second-richest particular person. Musk is estimated to be value about $180 billion, the mixed worth of his stakes in Tesla (ticker: TSLA), SpaceX, Neuralink, the Boring Co., and Twitter, amongst different investments. The issue, although, is that each one however Tesla are privately held, and subsequently illiquid. When Musk wants cash, his solely choice is to promote Tesla inventory. That was the case from April to December 2022, when Musk was pressured to promote some $23 billion in Tesla shares to maintain Twitter afloat, one of many causes the inventory tumbled greater than 50% throughout that interval. What Musk actually wants is one other publicly traded firm that might enable him to unlock a few of his wealth—and take the strain off Tesla.