Dalio recalled advising Musk after the PayPal sale to keep some cash instead of committing most of the proceeds to SpaceX, Tesla and SolarCity, but Musk stayed focused on long-term goals including making humanity multi-planetary.
Ray Dalio said he warned Elon Musk after the PayPal sale to keep some cash rather than commit most of his roughly $180 million in proceeds to SpaceX, Tesla and SolarCity. Speaking on a recent podcast, Dalio said Musk declined the advice, reflecting a focus on long-term goals such as making humanity a “multi-planet species.” The account reinforces Dalio’s portrayal of Musk as a founder driven more by mission and execution than by preserving personal wealth.