Do you know how much Elon Musk will win as a bet if he sends people to Mars by 2030? Well, the new owner of Twitter has a big dream to achieve, and a bet to win and a reward to redeem if he succeeds. The fact that Elon Musk will win a bet does not imply he loves betting anyway.
But, the big question is, does Elon Musk’s decision to spend a fortune on the acquisition of Twitter make economic and investment sense?
What business has going to space, landing people on Mars, and producing electric cars got to do with managing a social media space?
His decision can be compared to risk diversification in business, but it more like coming from Jupiter or Pluto to buy a pack of matches in a retail shop. There should be a reason why he decided to take over Twitter.
How much Elon Musk will win as a bet
The World’s second-richest man has described himself as an individual living with Asperger’s syndrome, a type of autism and has his biggest dream of colonizing Mars.
He has a bet to win if he can make it to Mars as well. The dream is to ensure, he sends people to Mars from earth by 2030.
Mike Malone, a veteran Silicon Valley journalist and author who doubles as a good friend of Elon Musk, will lose a bet of $5 (£4) if Elon Musk makes it to Mars. Yes, that is the face value of the bet. No matter how small it may be, his dream will be worth billions of dollars if it is realized.
READ: Bernard Arnault Overtakes Elon Musk And Become World Most Richest Man
Mike Malone and Elon Musk have a long-standing $5 (£4) bet over Mr Musk’s ambition to send people to Mars by 2030. “I said, ‘I don’t think you can do it – but I hope you do. I hope I owe you the $5,'” Mr Malone says. “That bet’s still floating in the air”.
Elon Musk who owns (SpaceX) also indicated that he wants to send astronauts on Mars by 2024.
The dream of sending people to Mars is still alive but many feel, he should concentrate on getting to Mars than Social Media.
These doubters and those who have confidence in his ability to realize the Mars dream both agree that it is a long-termism – a philosophy favoured by some very rich people, which seeks to act in the interests of billions of people in the far future, rather than focusing on the immediate needs of the present.
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