Comment Elon Musk a-t-il financé ses activités, de PayPal à SpaceX et Tesla?

Aaron Labajo

Aaron Labajo, Musician, filmmaker, graphic designer, & space lover.

Mise à jour il y a 65w · Voté par

Stanislaus Tandelilin, Co-founder of Sale Stock - leading fashion e-commerce in Indonesia and

Vladimir Novakovski, Silicon Valley CTO and Advisor

In 1995, Elon Musk and his brother Kimbal founded Zip2 with $28,000 out of their father's bank account. 4 years later, it was acquired by Compaq for $307 million, with Elon making $22 million. A little under a month later, he put $10 million of that into co-founding, which he envisioned to be the future of online banking. A year after, it merged with Confinity to create PayPal.

In June 2002, Elon Musk founded SpaceX using some of the $12 million he had left over from Zip2. Then in October, PayPal was acquired for $1.5 billion, and, being the company's largest shareholder, he made $165 million. With this large sum of money, Elon later allocated about $90 million to SpaceX, which could have gone to waste had he not taken a crucial investment from Draper Fisher Jurveston in 2008.

In 2006, he became a significant investor who jumpstarted his cousins' company Solar City, that of which he is currently chairman. From 2003-2009, he had spent over $70 million of his own money to ensure the longevity of Tesla Motors. For a time, he was chairman, lead investor, and head designer, but wasn't CEO until 2008, when they nearly spiraled into bankruptcy after missing out on a $100 million investment.

These companies, who each had their fair share of financial crises, are now worth billions of dollars today, and will only continue to flourish. Elon holds about a 20-30% stake in Tesla, Solar City, and SpaceX, all contributing to his estimated net worth of $13.2 billion.

Rajeev Jeyakumar

Rajeev Jeyakumar, Directeur des ventes et de la stratégie des ventes chez Google (2018-present)

Répondu il y a 62w · L'auteur dispose de réponses 90 et de vues de réponses 171.8k

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The long story short is that Elon Musk has followed a committed and aggressive strategy of harvesting earnings back into his businesses. The chart below shows a cumulative ‘investing account’ chart of his career, where you can see that the windfalls received from zip2 and Paypal were all eventually spent into new investments.

Comment Elon Musk a-t-il financé ses activités, de PayPal à SpaceX et Tesla?

To summarise his strategy, there have been three common patterns:

1. He goes all-in.

Aggressively following-on through investing has allowed Musk to maintain control and ‘set an example’, which has in turn attracted outside investors. He has also not been afraid to take on financial leverage, borrowing over $620mm in debt to fund stock purchases in his own companies.

2. He creates ecosystems around himself.

Over his career, he has been involved in four businesses with his brother Kimbal and two with his cousin, Lyndon Rive. His businesses regularly cross paths and transact with each other. SpaceX has purchased over $250mm of SolarCity’s bonds and Musk has personally bought $65mm. The merger of Tesla and SolarCity compounded this ‘Keiretsu’ mentality of overlocking businesses working together for a common goal.

Musk has made ten distinct angel investments over the years. In six of these investments he has had direct connections with the founders or co-invested with a known associate. This has helped to create the ‘Muskonomy’, whereby many investors in his own companies regularly return to invest and even on a personal level the goodwill that he built up through his network meant he could be bailed out.

3. He uses creative financing methods.

Musk has leveraged government support very cleverly. By 2015, the LA Times calculated that his businesses and their customers had benefited from $4.9bn in savings from government subsidies. Included in which were $517mm in Zero Emission Vehicle credit allowances that Tesla sold to rival automotive producers. This allowed Tesla to boost revenue at opportune times. Also, a $1.6bn contract from NASA in 2008 helped stave off bankruptcy at SpaceX.

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Hyperloop is an example of evolving strategy followed by Musk. Due to his reputation he can now disseminate ideas into the ecosystem for others to build and create. He is outsourcing investment. Yet in the future this technology will harness Tesla/SolarCity or Boring Company resources, bringing shared benefit to Musk.

If you’re interested in digging deeper into Musk’s approach to investing, please refer to this article, including a detailed source table for all of his spending and returns: A Deep Dive into Elon Musk’s Investments: The Makings of a Billionaire.

Albert Voronakin

Albert Voronakin, travaille chez Facebook

Répondu il y a 194w · L'auteur dispose de réponses 86 et de vues de réponses 170.4k

Now Elon has literally nothing to start SpaceX, hist most risk-taking project from my point of view among cars and pay systems.

Before to move to the question, we need to understand that Elon funded not companies, but organized a team to fund into those people. That's the key of his success.

1) In 1995, Musk started Zip2, a web software company, with his brother, Kimbal. The company developed and marketed an Internet "city guide" for the newspaper publishing industry. Musk received 7% or $22 million from the sale in 1999.

So now he has $22 million in cash. What's the next?

2) In March 1999, Musk co-founded, an online financial services and e-mail payment company. One year later, the company merged with Confinité,which had a money transfer service called PayPal. In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which $165 million was given to Musk.

So now Musk turned his $22 million with a little bit of "Work like hell" into $165 million. What's the next?

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3) With $100 million of his early fortune, Musk founded his third company, Space Exploration Technologies, or SpaceX, in June 2002.

And... What's the next?

4) Tesla Motors, Solar City, Hyperloop and something else public don't know yet.

Karan Singh Rekhi

Karan Singh Rekhi, travaille chez Microsoft

Répondu il y a 195w · L'auteur dispose de réponses 97 et de vues de réponses 579.2k

This documentary kinda goes over that.... but a short summary is: The dude is f*&king crazy passionate to the extent of insanity about what he does.. If you don't believe ask his 2 wives who have divorced him.... (don't get me wrong, he is my hero... only if the ladies could understand he is onto something big... rewrite humanity)... But yeah if you are fearless enough to be willing to lose everything for your passion... funding just happens ��

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