{"id":3973,"date":"2026-07-22T15:11:33","date_gmt":"2026-07-22T15:11:33","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3973"},"modified":"2026-07-22T15:11:33","modified_gmt":"2026-07-22T15:11:33","slug":"ray-dalio-warned-elon-musk-against-betting-all-his-money-on-mars-exploration-the-spacex-ceo-invested-100m-anyway-and-had-to-borrow-cash-for-rent","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3973","title":{"rendered":"Ray Dalio warned Elon Musk against betting all his money on Mars exploration: The SpaceX CEO invested $100m anyway, and had to borrow cash for rent"},"content":{"rendered":"<div>\n<p>The undertaking may be a little too lofty for analysts more interested in the company for its AI, satellite, and rocket capabilities\u2014and their skepticism wouldn\u2019t be the first. Indeed, once upon a time, famed investor Ray Dalio warned Musk against committing too fully to the space race.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3971\">Manpower President: The future of work question that even CEOs can\u2019t answer<\/a><\/p>\n<p>Speaking on the <em>My First Million<\/em> podcast in an episode released over the weekend, the Bridgewater Associates founder recalled telling Musk\u2014fresh off the sale of PayPal\u2014not to sink his $180 million in proceeds into a quest for life on Mars.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>The hedge fund titan first met Musk in 2002, when Dalio was researching the personality types of founders and entrepreneurs. The Tesla CEO was a \u201cshaper,\u201d Dalio said\u2014someone \u201cwho love[s] to go from visualization\u00a0to actualization and to be on that mission.\u201d <\/p>\n<p>\u201cMaking money is not a big deal for him,\u201d Dalio added. It\u2019s a surprising claim given the fact that Musk is the wealthiest person on Earth. But Dalio explained that he doesn\u2019t believe Musk is driven by wealth in a performative sense: \u201d\u00a0He doesn\u2019t need a house. He doesn\u2019t need security. He doesn\u2019t need anything. He didn\u2019t even need my level of needing.\u201d <\/p>\n<p>Musk has been open about his unusual lifestyle: He said he slept under his desk while working for Tesla and referred to the EV-maker\u2019s factories as his \u201cprimary residence.\u201d He slept on sofas in the Twitter offices in 2023, having bought the business, and also reportedly told friends he was sleeping in the DOGE headquarters during his stint in D.C. last year.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3969\">Ryan Clark found out he was fired live, mid-broadcast, on NFL Live as ESPN undergoes first major layoffs in 3 years<\/a><\/p>\n<p>Musk even recalled a \u201cclose call\u201d of needing to borrow money to pay rent following the PayPal sale, because he invested all of that money into his businesses: $100 million into the then-newly founded SpaceX, $70 million into Tesla, and $10 million into solar energy company SolarCity.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Dalio warned the young entrepreneur against such a big bet on SpaceX, he said: \u201c[Musk] decided that he was going to take half of that money and he was going to go to Mars. He had no experience in terms of going to Mars. I said to him, \u2018I suggest you put aside a little bit of money, take a piece of that, just so that way, if things don\u2019t work out, you\u2019ve got that.&#8217;\u201d<\/p>\n<p>The response came: \u201cNo, I don\u2019t need to do that.\u201d <\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<h2>Back to the details<\/h2>\n<p>Dalio said Musk\u2019s personality of being a \u201cshaper\u201d comes with a binary: Massive, big-scale thinking, but also a fanatical attention to the details.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>He recalled seeing this up close: \u201cThe issue of a shaper is they want to go from visualization to actualization \u2026 they go from this very picture down to \u2018What are those details?\u2019 So, I remember Elon gave me the key to his car\u201d\u2014presumably a Tesla\u2014\u201dit had a little button and he showed me the screen and he got into the details a lot. And we\u2019re talking about how he wants to put a watering can with a plant on a rocket to send it to Mars.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=3967\">Smithsonian director derides a White House report branding the museum as \u2018woke\u2019<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cSo, it\u2019s a 10,000-foot level and a 10-centimetre level.\u201d<\/p>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bridgewater Associates founder Ray Dalio recalls warning Tesla and SpaceX CEO Elon Musk against betting his PayPal proceeds on Mars exploration.<\/p>\n","protected":false},"author":1,"featured_media":3972,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[464],"tags":[],"class_list":["post-3973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ray-dalio"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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