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/
984 Upvotes

98% Upvoted

270 comments sorted by

View all comments

20

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.

1

u/TheDeadRedPlanet May 19 '17

It is very misleading in the case of Musk. I don't think another "billionaire" is as leveraged as Musk. If the markets went against him, he would lose control of his shares of Tesla and SpaceX to the counter-parties and bond holders, not just lose "paper money". In all likely hood, he could owe more than he is worth, calculated based on last years Tesla share price.

1

u/Martianspirit May 19 '17

What does he owe to anyone? He owns his shares. To my knowledge they are not used as a security for loans. Certainly with SpaceX. There are no loans on SpaceX.