A $44 billion toy that he’s driving into the ground like one of his SpaceX rockets that fail in spectacular fashion.
I could be an idiot, but it seems to me that setting 20% of my net worth on fire isn’t the wisest idea. I guess I just can’t comprehend Elon’s genius!
If you have that much money, and repeatedly are able to make more, it kind of proves that he is not a hoarder like most billionaires - he isn't all about the love of the number in the bank account, making it higher and higher - what he loves is then being able to do things with it. That's why when he gets lumped in with Bezos, etc. I just shake my head because they are just so different.
In any case, I really do need to correct the misinformation that is spread on social media about SpaceX. Nothing about SpaceX is a failure. Anyone who says that is completely ignorant about how you design a space vehicles - if you want one that actually works and you actually want to make it fly.
SpaceX has been wildly successful and has done in the past decade or so what NASA and other space agencies have stalled at doing for the past 40 years. Reusable rockets are a game changer. The main barrier to space is getting up there and the cost of just sending rockets up because they were all disposable until this point making it absurdly expensive. And we can't progress at anything up there until that part is solved, which SpaceX largely has.
Now they are on to the next part, which is getting large amounts of people and cargo up there. The last launch wasn't a "failure" because the first two parts of it went as expected as they have already been through this process, and the ship part that exploded was the new one they were testing. It was pretty much expected - because it's still being designed and worked on.
They could either spend 20 years sitting and doing computer simulations like NASA does and never actually build things, or they could start building stuff, and find out in real time where the faults are in real world testing. That's how we got to the Moon in the first place, until NASA became so underfunded and risk-averse (especially post-Challenger). Anyone would tell you that this is a superior design process because it moves much more quickly, and real-world testing is always the best, but no one else does it with space because it is way more costly up front.
The data they got from why the ship portion exploded was invaluable, they know exactly what happened, and now will adjust the design to fix it. This will likely happen a few more times until they get a final model.
It's not all about "oh Elon wants to go to Mars". It's about opening up space, and the moon, and all the resources that are sitting out there practically on our doorstep that are very likely what is going to save our actual planet.
There are resources even just as close as the Moon that very well could solve our fossil fuel dependence, but we can't prove it (or take advantage of it) because we haven't gone back there in 50 years. Everything we thought we knew about space (the planets are all dead, there is nothing but rocks up there) has already been disproven by ground scientists (underground oceans on supposedly "desolate" Mars, ice water on the Moon, and so on). There are asteroids passing us by that we could grab and mine back in our orbit that have more precious metals in them than Earth has mined in its entire history. It's just endless.
I'm not an Elon Musk fanboy, but I freely admit to being one of SpaceX - because SpaceX is changing the world, and is the only organization in the we have no one actively get us up there there to do anything about it.