How Elon Musk Used SpaceX to Benefit Himself and His Businesses
Source: New York Times
In January 2018, Elon Musk needed $100 million. Instead of calling a bank, he turned to SpaceX, the rocket company he founded and where he serves as chief executive.Over the next three years, Mr. Musk borrowed a total of $500 million from his company. The loan terms were significantly lower than what most banks offered, with an interest rate that fluctuated from less than 1 percent to nearly 3 percent, according…
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