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A CEO's Cost of Capital Advantage
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tomtunguz.com 1 min read
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The article argues SpaceX’s IPO highlights Elon Musk’s unusually low cost of capital, enabling him to raise extraordinary sums while keeping top-decile ownership. It says early wins reduced his future financing costs, creating a flywheel from Zip2 through PayPal, Tesla, and SpaceX, with strong retail participation.
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