“I only have stock, thus the only way for me to pay taxes personally is to sell stock. “Note, I do not take a cash salary or bonus from anywhere,” Musk tweeted. Spaceflight Elon Musk says SpaceX's huge Starship rocket will 'hopefully' launch on 1st orbital flight in May By Mike Wall published MaProvided an FAA environmental review wraps up by. Taking into account his stakes in his other companies such as neurotechnology firm Neuralink and especially SpaceX, Musk is in theory the richest man in the world, with an estimated fortune of some $338 billion, according to Bloomberg. The entrepreneur was also awarded a large package of stock options and convertible shares as compensation. We’ll have 39 flightworthy engines built by next month, then another month to integrate, so hopefully May for orbital flight test. Musk owned about 17 percent of Tesla’s outstanding shares as of June 30, currently worth $208.37 billion, according to Bloomberg. First Starship orbital flight will be with Raptor 2 engines, as they are much more capable & reliable. READ ALSO: Tesla’s Elon Musk Downplays Deal To Supply Cars To HertzĪround 7:00 pm (2300 GMT), nearly 53 percent had voted in favor of selling. “I will abide by the results of this poll, whichever way it goes,” the multi-billionaire said. NASAs huge rocket is not quite ready to fly, and it may not lift off the planet for several more months. SLS reaches the launch pad, and it looks great. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk wrote, asking followers whether they agree “yes” or “no.” Rocket Report: SpaceX broomstick cleaning up contracts, Astra back on track 'We were surprised to learn of it on Friday.' Eric Berger - 11:00 am UTC. The over-the-top electric car maker’s query follows a proposal by Congressional Democrats to tax the super-wealthy more heavily by targeting stocks, which are usually only taxed when sold. BROWN / AFPĪnother zany tweet or a real question? Elon Musk polled his more than 62 million Twitter followers Saturday about whether he should sell 10 percent of his Tesla shares, insisting he would do as voters say. ![]() ![]() He said himself he doesn’t expect it to succeed in this same talk. I think that will make the orbital flight much more likely to succeed. myrgv.In this file photo taken on MaTesla CEO Elon Musk reacts during the unveiling of the new Tesla Model Y in Hawthorne, California. Man another month and a half of work is going to really be huge. Long term, Starbase would remain the company’s main research-and-development facility for Starship, he said. He called that the “worst-case scenario” for Starbase if the FAA decides a more thorough Environmental Impact Statement is warranted, which Musk said could set back launch activity at Boca Chica by months. In attendance were a crowded phalanx of media, local officials, SpaceX employees and others as Musk discussed developments since his last update, which took place at Boca Chica in September 2019.įollowing his presentation and a video rendering of a Starship flight to Mars, he fielded several questions, some technical and others more general in nature, from journalists. ![]() Musk delivers second Starship presentationĪgainst a gargantuan backdrop of a stacked Starship SN20 and Super Heavy Booster illuminated, along with an equally massive launch tower, by powerful spotlights, SpaceX founder and CEO Elon Musk on Thursday night gave his second presentation on Starship development progress at the company’s Boca Chica site, dubbed Starbase. Elon Musk on Wednesday said SpaceX is hoping to launch the first orbital flight test of its mammoth Starship rocket in January, depending on testing and regulatory approval.
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