Part 6/13:
Carmarmac underscores Elon’s willingness to stake everything personally—financially and emotionally—in pursuit of his vision. Unlike most entrepreneurs or CEOs who safeguard their personal assets, Elon has repeatedly risked his wealth, reputation, and security. The most notable instance being SpaceX's early days, when Elon mortgaged his house to fund launches. During the 2008 financial crisis, both Tesla and SpaceX faced existential threats, and Elon was on the brink of bankruptcy more than once.
This level of commitment is rarely matched. While others may accept failure as a setback, Elon perceives risk as an integral part of embarking on audacious projects that could reshape civilization—whether it’s colonizing Mars or transforming global energy use.