Market
Elon Musk Reportedly Used SpaceX As 'Piggy Bank' To Give Himself, Tesla A Leg Up
YahooApr 27, 2026
Elon Musk borrowed $500 million from SpaceX at interest rates as low as 1%, used the rocket company to bail out a struggling solar venture, and most recently had SpaceX swallow his cash-burning AI lab, according to a New York Times investigation published Friday. The report lands six weeks before SpaceX is expected to hit the road with the largest IPO in history. What The NYT Documented Musk pulled three loans totaling $500 million from SpaceX between 2018 and 2020, at rates that ranged from und
