and noted that while Musk’s ownership stake in SpaceX is 42 percent, his voting power as of this past march was 79 percent. Nobody could stop him from taking out the loan if he really wanted it, and it’s not clear that anyone tried. SpaceX is in the rocket business, but it’s foremostly in the Musk business.
The loan points to a truth that is becoming quite well established: If you are a shareholder in one of Elon Musk’s companies, you are entangled with the businesses ofof them. Some of that is natural and unavoidable: Musk is one of the most famous people in the world. He is known largely for his business acumen and innovation, although he has become well known in the past year for being kind of a dumbass in his management of Twitter, which he’s since renamed X.
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