Elon Musk at this point has little difficulty raising capital. And, being the world’s richest person, he could easily fund a startup on his own—if he wanted to. But this week, the billionaire CEO of Tesla and SpaceX shared his thoughts on why he seeks investors for his various ventures, even when he doesn’t necessarily need to.
During a Spaces conversation hosted by ARK Investment Management CEO Cathie Wood, Musk was asked why he would bother with outside shareholders given that it might be simpler without them to take risks while answering to nobody.
