Elon Musk has said he gave SpaceX less than a 10% chance of succeeding at all, and that he told people so at the time: we’re probably going to fail, but we should try, because without a new company in the space, we may never become a truly space-bearing civilization. In his telling, other aerospace firms built good rockets but weren’t pursuing the technology needed to make life multi-planetary. He still put his own money in.
Saying the odds out loud that directly is rare. Ticker Tape looks for a similar kind of commitment in the sponsors it works with: are they committed to the project’s success, and are they investing their own capital? Conviction alone doesn’t guarantee an outcome. It is one input among several in due diligence.
Key points
- Musk has said he gave SpaceX less than a 10% chance of success and invested his own money anyway.
- The mission, as he framed it, was worth attempting even if failure was the more likely result.
- Ticker Tape looks for sponsors who are both committed to the project and investing their own capital.
- Conviction is one due-diligence input, not a guarantee.
Accredited investors: learn about current opportunities at tickertapeinvestments.com.
