SpaceX is the world’s most valuable space company and could offer Elon Musk the key to unlocking his empire.
It’s hard to feel sorry for the second richest person in the world. Musk is estimated to be worth around $180 billion, the combined value of his stakes in You’re here (ticker: TSLA), SpaceX, Neuralink, the Boring Co. and Twitter, among other investments. The problem, however, is that all but Tesla are privately held and therefore illiquid. When Musk needs the cash, his only option is to sell Tesla stock. Such was the case from April to December 2022, when Musk was forced to sell some $23 billion worth of Tesla stock to keep Twitter afloat, one of the reasons the stock fell more than 50% during this period. What Musk really needs is another publicly traded company that would allow him to unlock some of his wealth and relieve Tesla.