Is Musk too rich to go broke? Probably, but anyone can fail financially.
by Glenn Mollette, Guest Commentator
Elon Musk's wealth mainly comes from his ownership stakes in two companies: 1. Tesla – around 37% of his wealth is from Tesla stock, although it was as high as 75% in 2020. 2. SpaceX – valued contracts include a $20 billion deal with the United States federal government. He also earned money from selling PayPal to eBay for $1.5 billion in stock, receiving $175.8 million personally. His net worth is estimated to be around $424.7 billion but this varies from week to week depending on the stock market.
Other business ventures of Musk’s are Neuralink – brain machine interfaces and neurotechnology, The Boring Company - underground tunnels and infrastructure and
SolarCity which is solar energy, but was sold to Tesla in 2016. In 1995 Musk owned Zip2 which was an online content publishing company that was sold to Compaq. He also owns Starlink which is an internet constellation company.
No doubt Musk is a a true visionary, entrepreneur and one of the greatest geniuses of our era.
Musk is still a young man, born June 28, 1971. The world may be yet to see what he will achieve.
However, anyone can spread himself too thin. Obviously, he has a lot of great people working for him, but anyone can overdo their capabilities or overestimate themselves.
In my opinion, it was a terrible idea for Musk to become so heavily involved in government and politics. He makes billions from the government contracts with SpaceX. I think that is definitely a conflict of interest.
However, he is now out of his leadership role in Washington. After his temper tantrum last week and saying all kinds of dumb stuff about President Trump he probably won’t be returning to any leadership roles. He further over elevated himself and his role in Trump’s election.
This reminds us again of this truth: Intelligent geniuses can do and say stupid things. Throwing mud at President Trump on social media has made Musk look like a spoiled brat who has seemingly always gotten his way. Again, we are reminded, no one always gets his or her way in this life.
Is Musk too rich to go broke? Probably, but anyone can fail financially. Musk’s wealth is mostly tied up in stocks, making him “cash poor,” or having low liquidity. But with SpaceX capturing 70% of the global launch market, his financial downfall is unlikely. Unless, he continues to hurl ill-will at President Trump which could potentially cost Musk a lot.
The problem is that if the US cancelled its contracts with SpaceX, it could impact our manned missions to the International Space Station. New space projects like NASA’s Artemis moon program could be impacted. Dozens of NASA science programs would be affected plus the impact on national security as SpaceX provides critical space launch and communication services to the US military. These and other consequences could significantly affect the US space program and national security.
Trump, Musk and all the others on Capitol Hill need to work together for the common good of our nation. Musk has proven his genius and capabilities. However, his temper tantrum and verbiage last week make me wonder a bit as to just what he is really capable of doing in a moment of rage?
About the author ~
Glen Mollett is the author of 13 books including Uncommom Sense, the Spiritual Chocolate series, Grandpa's Store, Minister's Guidebook insights from a fellow minister. His column is published weekly in over 600 publications in all 50 states.
The views expressed are those of the author and are not necessarily representative of any other group or organization. We welcome comments and views from our readers. Submit your letters to the editor or commentary on a current event 24/7 to editor@oursentinel.com.
Dorothy Shea, acting U.S. Ambassador to the UN, vetoed a resolution for an immediate ceasefire in Gaza despite unanimous support from other Security Council members. Critics, including international scholars and rights organizations, allege Israel's actions in Gaza constitute genocide, citing widespread destruction, displacement, and dehumanization of Palestinians.
byTerry Hansen Guest Commentary
Dorothy Shea, the acting U.S. Ambassador to the United Nations, recently vetoed a U.N. Security Council resolution demanding an "immediate, unconditional and permanent ceasefire in Gaza." This veto was issued despite the resolution’s description of the humanitarian situation in Gaza as "catastrophic," and in the face of unanimous support from the council's other 14 members.
Ironically, in a speech on Holocaust Remembrance day, Shea stated that "hatred, dehumanization and apathy can lead to genocide...Atrocities like the Holocaust don't just happen'; they're allowed to happen. It is up to us to stop them."
Yes, it is. In fact, the U.N. Genocide Convention, ratified by the United States in 1988, requires nations to prevent and punish genocide.
... over 55 scholars of the Holocaust, genocide and mass violence released a statement deploring the atrocities committed by Hamas and Islamic Jihad, as well as by Israeli forces,...
Notably, on October 13, 2023, less than one week after the start of Israel's intensive bombing campaign in Gaza, Israeli Professor of Holocaust and Genocide Studies Raz Segal wrote:
"Israel’s genocidal assault on Gaza is quite explicit, open, and unashamed....Israel’s goal is to destroy the Palestinians of Gaza. And those of us watching around the world are derelict in our responsibility to prevent them from doing so."
And just a few days later, nearly 800 scholars and international lawyers working in the fields of conflict and genocide issued a public statement titled, "Scholars Warn of Potential Genocide in Gaza." They cite the dehumanization and mass displacement of Palestinians, statements by Israeli officials, as well as the high casualty rate and "obliteration" of neighborhoods and families.
Finally, on December 9, over 55 scholars of the Holocaust, genocide and mass violence released a statement deploring the atrocities committed by Hamas and Islamic Jihad, as well as by Israeli forces, and warning of the danger of genocide in Gaza. Particular concern is expressed regarding statements by Israeli leaders holding all Palestinians in Gaza responsible for October 7. These scholars assert:
"Casting an entire civilian population as enemies marks the history of modern genocide, with the Armenian genocide (1915-1918) and the Rwanda genocide (1994) as well-known examples."
Yet the U.S. has repeatedly dismissed evidence of genocide in Gaza. Despite these denials, allegations of genocide have intensified.
Human rights organizations Amnesty International and Human Rights Watch published reports accusing Israel of committing genocide in Gaza, and these organizations are not alone in reaching this determination.
Amos Goldberg, a Holocaust and genocide researcher at the Hebrew University of Jerusalem, has also concluded that Israel's actions in Gaza constitute genocide. Goldberg asserts:
"What is happening in Gaza is genocide because the level and pace of indiscriminate killing, destruction, mass expulsions, displacement, famine, executions, the wiping out of cultural and religious institutions...and the sweeping dehumanization of the Palestinians — create an overall picture of genocide, of a deliberate conscious crushing of Palestinian existence in Gaza."
Goldberg explains that, historically, most perpetrators of genocide have claimed they were acting in self-defense.
Moreover, the U.S. must advocate for a ceasefire in Gaza, while ensuring that food, water and medicine can reach civilians without restriction.
Significantly, a Dutch investigation published in May in the newspaper NRC interviewed seven internationally known genocide and Holocaust scholars from six countries—including Israel. All found Israel’s actions in Gaza to be acts of genocide. The scholars interviewed include:
Martin Shaw, author of the book, "What is genocide?"
Melanie O'Brien, president of the International Association of Genocide Scholars
Dirk Moses, senior editor of the Journal of Genocide Research
The refusal of the U.S. to act, and its obstruction of efforts to prevent further atrocities, betrays the principle of “never again.” To fulfill its obligations under the Genocide Convention, the U.S. should acknowledge these findings and halt military aid to Israel that could be used to commit genocide.
Moreover, the U.S. must advocate for a ceasefire in Gaza, while ensuring that food, water and medicine can reach civilians without restriction. In addition, the U.S. should support international investigations, including the work of the International Criminal Court and the International Court of Justice.
If not, history will judge this moment, and the record will be clear: the duty to prevent genocide was willfully ignored.
Terry Hansen is an opinion writer who has contributed multiple articles on Gaza, focusing on humanitarian issues, U.S. policy, and Israel’s actions in the region. He is a retired educator from Milwaukee.
Fatal heart attack risks may be higher during days with extreme heat & air pollution
The combination of soaring heat and smothering fine particulate pollution may double the risk of heart attack death, according to a new study of more than 202,000 heart attack deaths in China. The study published today in the American Heart Association’s flagship journal Circulation.
St. Joseph-Ogden's James Barron celebrates a turnover for the Spartans during their season opener at Monticello in 2024. SJO will be without the senior's grit and determination that helped them to a perfect 9-0 conference record.
