Elon Musk Is Overpaid
Or so says a Delaware judge.
I do see Elon Musk’s point. He runs, what, six companies? SpaceX, Neuralink, Twitter/X, the tunnel one, xAI, probably some I’m forgetting. And Tesla Inc., the only one of them that is public, though for a while he also had SolarCity Corp. before (controversially) merging it into Tesla. Each of these companies does something different— rocket science, brain surgery, posting on the internet, tunnels, artificial intelligence, cars — but there is overlap. They seem to share employees and a certain ambitious science fiction ethos, and you could imagine futuristic projects that could be done at any of them.
At all but one of his companies, he could stroll into the boardroom, throw a big bag of ketamine down onto the table, and say “I need the company to spend $50 million to build a giant golden statue of me riding a rocket,”1 and