Companies aren't funded by one person, even his. After their current round, Blue Origin will have raised more than three times as much capital as SpaceX, and SpaceX is obviously far more advanced and has already gone public.

Rivian used ten times more capital to reach their first delivery and twenty times more before their IPO as compared to Tesla.

It looks like it's not Musk's money making his companies successful.

Musk had around $180M when he founded SpaceX in 2002, and purchased Tesla in 2004. ChatGPT tells me that more than 55,000 people in the world have more wealth than this. So either people who have money choose not to make such risky investments, or they're incapable of it. Probably both. We're very lucky that someone who is both capable of building companies like this and is willing to go bankrupt doing it exists.

That's a somewhat valid point about the "move fast and break things" culture at SpaceX. I'm sure there's some correlation between the pioneering, hyper-productive culture at Elon's companies and safety violations, but there's no way you could claim that lax safety standards account for the massive gap between SpaceX and the rest of the entire industry. It's not like they're just pumping widgets out of a factory faster and cheaper. They've revolutionized the cutting edge across all aspects, including design, software, etc. If the best companies could be explained by cutting safety corners, then China would be leading America in everything.

And that was the first I'd heard about high fatality rates for Tesla, so I looked it up. The cars themselves are always rated as very safe, and it seems the reason for high fatalities is just who buys them. Apparently, it's young, affluent, more risk-tolerant people who frequently drive fast on highways.

I'm no ER physician, nor OSHA expert - but if 600 accidents with the sorts of heavy equipment and rocketry that SpaceX does every day included only one death, then my conclusion would be that the vast majority of that 600 were pretty minor stuff. You'd have a lot more bodies otherwise.

Also, Musk is nothing special this way. Honest comparisons would be to cell phone tower workers, steel mills, hazardous chemicals handlers, farmers, and such.

Vs. most people's mental comparison is to working in a comfy office.