Words to Remember
Getting Rich Means Not Going Broke 🧠
“In general, survival is the only road to riches.”
Why we ran it
Tesla and SpaceX together reached a combined $3.45 trillion valuation on rumors that SpaceX could buy out Tesla with its own shares, bringing the companies closer together than ever before. Influence and control, rather than cash, seemed to drive the story, as Elon Musk held 19.9% voting power at Tesla and roughly 82% at SpaceX. Bernstein focused on the necessity of surviving adverse outcomes, a point underscored by the risk of concentrating so much value in one person's hands.
From the October 16, 2026 issue: Flying Cars Were Just The Start →