{"id":133502,"date":"2022-01-03T13:23:35","date_gmt":"2022-01-03T21:23:35","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/01\/the-curious-story-of-elon-musks-tesla-stock-sales-and-spacexs-fundraising"},"modified":"2022-01-03T13:23:35","modified_gmt":"2022-01-03T21:23:35","slug":"the-curious-story-of-elon-musks-tesla-stock-sales-and-spacexs-fundraising","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/01\/the-curious-story-of-elon-musks-tesla-stock-sales-and-spacexs-fundraising","title":{"rendered":"The curious story of Elon Musk\u2019s Tesla stock sales and SpaceX\u2019s fundraising"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/the-curious-story-of-elon-musks-tesla-stock-sales-and-spacexs-fundraising2.jpg\"><\/a><\/p>\n<p>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.) <\/p>\n<p>I\u2019m not saying that Tesla won\u2019t be worth $10 trillion one day, I\u2019m just saying SpaceX has more growth potential. Elon seems to agree.<\/p>\n<hr>\n<p>What\u2019s Elon Musk doing with the billions he\u2019s collected in the past two months from <a href=\"http:\/\/www.cnn.com\/2021\/12\/29\/investing\/elon-musk-tesla-stock-sales\/index.html\" target=\"_blank\" tabindex=\"0\" hasenterkeydown=\"1\">selling shares in Tesla<\/a>?<\/p>\n<p>It seems possible, maybe even likely, that he\u2019s put at least some of the money into SpaceX, the other company of which he is CEO and primary shareholder.<\/p>\n<p>Most of the proceeds from his $16.4 billion in Tesla stock sales since November 8 will go to pay an estimated <a href=\"http:\/\/www.cnn.com\/2021\/12\/20\/investing\/elon-musk-11-billion-dollars-taxes\/index.html\" target=\"_blank\" tabindex=\"0\" hasenterkeydown=\"1\">$11 billion federal tax bill<\/a>, leaving him with more than $5 billion to do whatever he sees fit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [\u2026]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,418,1514,17],"tags":[],"class_list":["post-133502","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-internet","category-space-travel","category-sustainability"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/133502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=133502"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/133502\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=133502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=133502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=133502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}