Wow, reading through this story and you can't help but notice some comparative traits to the late Steve Jobs. The incredibly high work ethic, not taking no for an answer and being highly optimistic in the face of bankruptcy. Those familiar with Steve Jobs and the story of Apple will know that Apple found themselves in this exact situation, a man with a vision burning through cash and not really making any ground - only for them to become a highly profitable company.
After all is said and done, SpaceX is not only profitable, but Musk somehow remains its largest stakeholder, even though he went through a desperate period of trying to raise more capital. Seems taking on debt helped Musk retain SpaceX's majority stakeholder (a brilliant move if you know you're going to succeed).
This is probably one of the most inspiring things I have read in a very long time. A very well-written article that doesn't skip on the details. Absolutely riveting, I was supposed to be working and I could not stop reading this. We need more opportunistic thinkers like Musk, everyone thought he was mental or was having a breakdown, but he proved his detractors wrong by not giving up (even when it looked like bankruptcy was the likely option).
After all is said and done, SpaceX is not only profitable, but Musk somehow remains its largest stakeholder, even though he went through a desperate period of trying to raise more capital. Seems taking on debt helped Musk retain SpaceX's majority stakeholder (a brilliant move if you know you're going to succeed).
This is probably one of the most inspiring things I have read in a very long time. A very well-written article that doesn't skip on the details. Absolutely riveting, I was supposed to be working and I could not stop reading this. We need more opportunistic thinkers like Musk, everyone thought he was mental or was having a breakdown, but he proved his detractors wrong by not giving up (even when it looked like bankruptcy was the likely option).