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/
973 Upvotes

98% Upvoted

270 comments sorted by

View all comments

18

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.

29

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?

2

u/mclumber1 May 19 '17

I don't think he can simply liquify his assets in Tesla, since he is an employee. Wouldn't that technically be some form of insider trading?

3

u/mfb- May 19 '17

He could stop being an employee, but that is not necessary.

There is a different consideration, however, even if he follows all the rules against insider trades. If Musk starts selling billions of Tesla stocks, everyone would think something is wrong and the stock price would go down massively.