Elon Musk, founder and CEO of SpaceX and Tesla, has revealed that the purpose of the electric car company named after Nikola Tesla is to make it possible for humans to become a multi-planetary species.
The CEO is known for making ambitious claims that often seem taken straight out of science fiction, but at times, the billionaire ended up being correct as the things deemed impossible happened. People have lately realized that most of his outlandish concepts have a habit of becoming true, which puts him in a rather good spot.
What Tesla Plans to Do
Electric car company Tesla is another success of Musk. The firm, while criticized by some for never making an annual profit, became the globe’s most important carmaker last week in terms of market capitalization, as per Yahoo Finance figures.
Back in 2006, Tesla set out its ‘master plan,’ which is a list of what the company plans to achieve in the decades ahead. At that time, the company revealed its four steps would be to create an electric sports car, use that money to develop an affordable car, and then use the revenue to build an even more affordable vehicle.
The CEO wrote on Twitter: “Long-term purpose of my Tesla stock is to help make life interplanetary to ensure its continuance. The massive capital needs are in 10 to 20 years. By then, if we’re fortunate, Tesla’s goal of accelerating sustainable energy and autonomy will be mostly accomplished.”
The post was a response to a user who had asked Elon Musk what he would eventually do with his bunch of Tesla shares. The user had suggested the CEO would better cash them in to ‘buy a six-pack of Mars rockets,’ and Musk agreed, stating that it was ‘essentially’ what his plan really is.
SpaceX is indeed now working on the massive Starship rocket, which will be used in the future to transport humans on a six-month trip to Mars. For now, the company expects to send its first cargo mission to the Red Planet in 2022, with a crewed expedition following in 2024.
Elon Musk is believed to own about 38 million shares in Tesla, which represents about one-fifth of the company’s shares, as per some figures published by Investopedia. Tesla shares closed at $1,389 yesterday, so even if they were inactive until Musk cashed all his stocks in, it would amount to more than $52 billion. The shares would more than double his currently-reported net worth.
The SpaceX CEO has stated that each Starship flight will utilize about $900,000 worth of fuel to reach the orbit, and each mission’s operational cost would round up to around $2 million. The company’s much smaller Falcon 9 spaceship launches for approximately $62 million.
For probably the most important context of it all, Forbes said that the cost of NASA’s Apollo program, which is known to have flown humans to the Moon, rounded to around $152 billion in today’s money.