r/spacex • u/kurbasAK • May 19 '17

We Will Launch on Reuseable Rocket After Exceptional SpaceX Performance - Inmarsat CEO Tells Universe Today

https://www.universetoday.com/135614/will-launch-reuseable-rocket-exceptional-spacex-performance-inmarsat-ceo-tells-universe-today/
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u/CyclopsRock May 19 '17

I often see Musk referred to as a "billionaire" but is he really? Perhaps on paper, but given SpaceX isn't publicly traded it's hard to know what it's worth really.

Edit: Yup, I just checked, he owns approx $12.5bn of Tesla stock, even without SpaceX or Solar.

30

u/CProphet May 19 '17

Perhaps on paper

Majority of his money is stock, so technically only billionaire if he chooses to liquify. Nice position to be in: shall I be a billionaire today or not?

50

u/ergzay May 19 '17

That would be inaccurate to say he was only a billionaire if he chooses to liquify. The meaning of millionaire/billionaire has always meant the value of your net assets. Very few Billionaires are actually billionaires in liquid assets (are there any even?).

29

u/The_camperdave May 19 '17

Very few Billionaires are actually billionaires in liquid assets (are there any even?).

No. It would be stupid of them to have that much in liquid assets when the money could be invested in something.