Elon Musk Predicts the Future of

The National Space Society's 24th annual International Space Development Conference was held May 19-22, 2005 in Washington D.C.
Young Elon Musk gives investor presentation of his plans for creating spaceX, starlink and, electric vehicles (tesla), and reusable rockets even larger than the #Falcon9 during the #SpaceVision #conference on #November 12, 2005.
Developing a new manned spacecraft in addition to larger launch vehicles becomes an expensive proposition. Musk said he has invested “about $100 million” so far in SpaceX. “I expected to invest less” through the development of the Falcon 1, he added . “There’s a limit to how far I can carry the company.”
Musk is not in a rush to take the company public because of the “overhead” associated with it, based on his experience with PayPal. “When you’re public it’s like painting a target on your head, saying ‘sue me.’”
Musk said that he hopes that with a successful flight of the Falcon 1 he will be able to raise an outside round of investment on the order of $50-100 million by early next year. “Hopefully the $100 million is the only money I have to put in personally.”
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