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Justine Musk - Talulah Riley:The funny thing about Elon Musk that he likes to jog your momery of Tony Stark. Less Iron Man suit. As Mr. Stark, a fictional, Mr. Musk think that type of guy every hope of Silicon Valley desires to be. First, it is a genius. No, really: he helped to develop Falcon 9 booster used by NASA. He also helped create a sunny city, a leader in solar energy. And he helped invent Tesla, electric car, which made electric cars sexy. It is not surprising that director Jon Favreau modeled his super-capitalist superhero Mr. Musk.

There is only one small problem: Mr. Musk said that he broke.

Mr. Musk is a member of the PayPal Mafia – those serial businessperson who, for some time watching the Brat Pack of the valley. He made a luck as co-founder of PayPal, e-commerce payment system. Not so long ago, he was more than $ 200 million in cash. Not bad for 38.

At this moment, Mr. Musk, who is in the middle of a divorce, said that his account is empty. In fact, less than empty. He says he put his penny in his business, and living off loans from his wealthy friends. He remains, according to court cases to $ 200,000 per month and still flies his private plane.

“About four months ago, I ran out of cash,” Mr. Musk acknowledged in the filing of divorce court, which was widely circulated to the west coast of the digital elite.

Honestly speaking, who exposed an uncomfortable truth in the world of venture capital: high-tech entrepreneurs, who see the rich are often the cash-poor, at least close to their brilliant images. Mark Zuckerberg may be a billionaire, when or if Facebook goes public. Larry Ellison, founder of Oracle, lives like a king. But most of his wealth tied up in stock, Oracle. Mr. Ellison lives in the part of the credit.

People like Mr. Musk may be revised, which means to be rich, especially the young and rich. But one way or another, many of these seemingly successful people live on the edge of financial, waiting, hoping that the next transaction, to unlock their next state.

financial situation, Mr. Musk is coming to light because he was in the middle of messy divorce. He ran with the actress, Talulah Riley – Mr. Stark swap – and his wife, fantasy writer Justine Musk, wants the house, alimony, child support and $ 6 million in cash. She also wants to cut from Tesla Motors and part of the fund, Mr. Musk in his rocket company SpaceX.

“This is what I deserve?” Ms Musk wrote in his blog post titled “Golddigging”. “I do not know.” Who is worthy of such riches? “But based on our lives and stories together, is that reasonable?” I think so. ”

Mr. Musk told me in an interview that he put his last $ 35 million to Tesla, which is only two years ago was on the verge of bankruptcy. What is depleted almost all of its “reserves.”

“It was my choice,” he said.

Faced with what he described as “liquidity problems”, he said: “I could do neither rushed private sale of shares or borrowing money from friends.” He decided to hang on his stake – a decision that could make him a very rich man. Within two weeks, Tesla plans to launch an initial public offering, which is expected to cost the company about $ 1.4 billion. Mr. Musk may be money, but as he told me with a laugh: “My assets are enormous.”

Revelations about personal finance Mr. Musk problems stunned many in the industry. Wall Street has spent years courting him. U.S. Department of Energy gave Tesla – who sold his $ 100,000 electric sports cars like Larry Page, Google co-founder and George Clooney – $ 465 million in low interest loans.

Whispers among the critics, Mr. Musk started almost immediately. If Mr. Musk can not keep themselves solvent, it can be sure that the run billion-dollar enterprise? And what about funding Tesla, which has long been based on his generosity?

In case you’re wondering, no, Mr. Musk and his wife said that he claimed poverty because of divorce. She describes him as a billionaire, albeit with a cash / liquidity problems, which, she says: “I would like to work with him to get around.”

personal fortune, Mr. Musk is not only a matter of pride. Business hangs in the balance. Tesla loan from the U.S. Department of Energy, Mr. Musk required to hold at least 65 percent of Tesla. If he cashed out early, that the loan will go into technical default.

Tesla, for its part, tries to calm talk about the troubles Mr. Musk at. The amendment to its I.P.O. filing, the company said: “We do not believe that the personal financial situation, Mr. Musk has no effect on us.”

Tesla said that his divorce – and postnuptial contract (he and his wife decided to divorce agreement after they were married, that she objects to), should have no impact on the company. “We also do not believe that Mr. Musk would eliminate a significant portion of its reserves to meet any settlement reached in connection with such proceedings,” the company said.

Previously, the filing could be an indirect sign of financial problems in the future: Tesla revealed that he started, Mr. Musk reimbursement for use of his private plane, which justifies the cost, saying: “If you pay only the variable costs of a private jet, Mr. Musk, in accordance with reimbursement policy in place, we learn to reduce costs compared with the usual practice for initial public offers to show the way. “Prior to this, Mr. Musk has paid for the airplane itself.

It Comedown – probably only temporarily – for Mr. Musk, a South African native who made his first state in 1999 when he sold Zip2, a business publication of the dot-com he started with his brother, more than $ 300 million. (New York Times Company licensee Zip2.) From there he went to X.com, an online payment service, which grew into PayPal. PayPal soon got scooped on eBay for 1.5 billion dollars. Mr. Musk went on the amount of approximately $ 200 million after selling their shares.

In 2002 he began the study of space technology, or SpaceX, with not very grand visions make the business of flying people in space. The company also has a contract with NASA for an amount not less than 1,6 billion dollars to assume many duties of the space shuttle program, which is now discontinued. Just two weeks ago, SpaceX has completed the successful launch of its Falcon 9 rocket at Cape Canaveral. The company in its third year of profitability in 2009.

Mr. Musk has refused to comment on Tesla IPO – the company is located in a quiet period – but if it goes according to plan, it will be cashed for about $ 21 million and still own more than 65 percent of Tesla. He could use the money just to pay the bill for his divorce, and reimburse his friends.

“It is very aggravating,” he told me, referring to the rumors floating about him. Hey, Tony Stark, even the bad days.

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