Author Topic: Financing SpaceX's Mars plans  (Read 111180 times)

Offline Ludus

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Re: Financing SpaceX's Mars plans
« Reply #520 on: 03/19/2018 09:26 PM »
Where is Elon getting the money to buy shares? Borrowing against shares he already had? None of his holdings pay dividends so he has no other income.

Borrowing: https://insideevs.com/elon-musks-borrowing-hundreds-millions-questioned/

Yep. Thatís what he does. He can borrow hundreds of millions at low interest secured by Tesla public shares. He has open lines of credit for living expenses and whatever he puts money into.

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