Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk has multiple ventures apart from his flagship electric vehicle manufacturing business. Among them is SpaceX, which Musk founded in 2002, with the objective of reducing space transportation costs.
What Happened: It now appears that Musk is unhappy with a lack of competition for his space venture. This came through as a reply to a tweet by one of his followers, who shared a 2007 interview of the Tesla CEO, wherein he said SpaceX doesn't have any serious competition. In reply, Musk said he wished SpaceX had competition and rationalized that this would help in the effort to bring life to other planets.
