On the last day of 2021, Tesla CEO Elon Musk made a rather "mournful" remark on Twitter.
First, Musk replied to a tweet about "there are currently 936 startups valued at more than $1 billion," saying, "If history can be used as a reference, then most startups won't be able to weather the next recession." Immediately after, netizens further asked when he thought the next recession would occur, Musk said, "Predicting the macro economy is very challenging." My hunch is that recession will come around the spring or summer of 2022, but no later than 2023 at the latest. ”
(Source: Musk Twitter screenshot)
Its space company Space X has also reported bankruptcy crisis
I don't know whether Musk's statement that "most startups can't survive the next recession" is related to the bankruptcy rumors of his company Space X.
According to Bloomberg, because the "Raptor" engine suffered a mass production crisis, Musk personally rushed to the engine's production line the day after the Thanksgiving holiday to understand the situation, and then he sent an internal letter to Space X employees, calling on employees to give up the vacation and return to work:
"Unfortunately, the raptor production crisis is much more serious than it seemed a few weeks ago. As we conducted an in-depth investigation into the post-departure problems of former senior managers, the problems were much more serious than reported. There is no way to whitewash all this. ”
(Source: CNBC)
"If the 'Starship' doesn't fly at least once every two weeks next year, we will face a real risk of bankruptcy."
"Frankly, we need everyone to recover from this disaster together, unless you have important family matters."
On November 30, Musk said on Twitter, "SpaceX's cost is staggering, liquidity may be tight, although SpaceX is unlikely to go bankrupt, but it is not impossible." SpaceX could face bankruptcy during the next recession. ”
It seems that the crisis is real.
Previously, as early as last July, Musk had announced an increase in the productivity of the "Raptor", with an annual output of more than 800 units, the vision is very good, but because SpaceX has lost billions of dollars in Starlink and starship, while losing money while increasing production capacity, the output will also be supplied to the front launch, the result can only be in short supply. If the mass production problem of the "Raptor" is not solved, the existing two project plans will be postponed, which may lead to SpaceX paying a huge liquidated damages, and it will be more bumpy to undertake other projects in the future.
In addition, according to Reuters, space X has three executives left due to slow progress in raptor engine production.
But it's worth noting that this isn't the first time Musk and SpaceX are at risk of bankruptcy. SpaceX's rocket launches in the early days suffered many failures, and they were almost bankrupt, but each time they survived safely.
Net worth increased by $118 billion last year, ranking first in the world
According to the Global Billionaires Index released by Bloomberg yesterday, in 2021, the net assets of the world's top ten richest people will increase by a total of about $400 billion, and their value will exceed $100 billion.
Even after last year's stormy sale of luxury homes, moving from California to Texas, and reducing tesla holdings, Musk is still the world's richest man. According to the data, his net worth has increased by $118 billion (about 750 billion yuan) in the past year, but its production is slightly lower than the $140 billion increase in 2020.
Bloomberg noted that Musk's wealth growth is mainly due to the rapid expansion of his company's Tesla electric car manufacturing business. Tesla's stock rose about 50 percent in 2021, and the company's market capitalization surpassed $1 trillion for the first time in October, closing at $1.06 trillion by the last working day of 2021.
In addition, since the beginning of November, Musk has been selling Tesla stock in large quantities to pay nearly $12 billion in taxes last year. According to the U.S. Securities and Exchange Commission (SEC) documents, on December 28, Musk sold another $1.02 billion worth of the company's shares, and after the sale, he was close to his goal of selling 10% of Tesla's shares. At the same time, he also exercised options for the last batch of nearly 1.6 million shares of Tesla that have been owned.
Attached is Bloomberg's 2021 List of the World's Top 10 Richest People Index:
Source: China Fund News (ID: chinafundnews)
Editor: Wan Jianyi
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