JBlyElon Musk is now worth more than the 2nd richest man (Jeff Bezos) and the third richest man (Mark Zuckerberg) combined!
gedaliyahCan anyone eli5 where his money comes from? I just can’t comprehend that Tesla sells more than Amazon. Twitter is in freefall according to every news article in the past 2 years. SpaceX seems like it costs more than it makes with so many huge rockets having “rapid unscheduled disassembly.”
Their rockets (Falcon 9) are literally the most reliable in history of spaceflight, and are still the only company that reuses rockets instead of building a new one for every flight, so they make boatloads of money. They made over 9 billion in 2023, likely more in 2024.
They do spend a lot on R&D, with all their test vehicle explosions as you noted, but this doesn’t affect actual operations where profits are made.