AI NewsThe Advice Elon Musk Refused From His Mother Before Tesla, SpaceX and...

The Advice Elon Musk Refused From His Mother Before Tesla, SpaceX and More

According to Maye Musk, she advised her son Elon to focus on just one business following the sale of PayPal. He declined to follow her guidance, and those multiple ventures have since built a fortune that Forbes calculates at $929 billion.

The 78-year-old model recounted the anecdote to Fox Business anchor Stuart Varney while discussing her memoir, Timeless, released by HarperCollins on September 15.

What Maye Musk Told Elon After PayPal

Following the conclusion of PayPal, Elon sought his mother’s counsel on whether to pursue electric vehicles, solar energy, or rocketry. Her answer was shaped by the intense work ethic she had already observed in him.

“And I say, you work so hard you just do one,” she said.

He disregarded her advice, opting instead to establish multiple enterprises concurrently, such as automotive manufacturer Tesla and aerospace company SpaceX. Maye noted that observers anticipated complete failure across all of them.

Why Maye Musk Says the Fortune Is Not Cash

Forbes designates Musk as the wealthiest individual globally. The publication reports he reached the status of the first trillionaire on June 12 upon the public offering of SpaceX.

Maye challenged the prominent valuation figure, clarifying that his wealth consists of equity in his enterprises rather than liquid cash.

Figures from Forbes align with that distinction. Because Musk holds roughly 38% of SpaceX and close to 11% of Tesla, his total net worth fluctuates directly alongside the share value of SpaceX.

Grok, a Garage, and a Deep-Thinking 3-Year-Old

Maye mentioned that Elon wants her featured on Grok, the artificial intelligence chatbot developed by his firm xAI, and she utilizes it frequently. When Varney questioned if artificial intelligence development ought to decelerate, she suggested he pose the question to Elon on X (Twitter).

Musk recently expressed support for an artificial intelligence industry slowdown.

She observed that Elon demonstrated unique traits starting at three years old. While his brother Kimbal and sister Tosca played and explored, he would slip into profound contemplation and articulate statements well beyond his years.

Her travel routines remain unaffected by his riches. When visiting Starbase, the Texas launch facility for SpaceX, she rests on a compact bed situated inside his garage to avoid a 45-minute drive from the nearest hotel suite.

Maye additionally expressed certainty that Elon will eventually journey into space himself, though she confirmed she has no intention of accompanying him.

Frequently Asked Questions

What book was Maye Musk promoting?

She was promoting her memoir, Timeless, published by HarperCollins on September 15.

What did Maye Musk advise Elon to do after PayPal?

She advised him to focus on just one company instead of spreading his efforts across multiple new ventures.

Is Elon Musk’s wealth held in cash?

No, Maye Musk clarified that his wealth is tied up in company stock—holding about 38% of SpaceX and nearly 11% of Tesla—rather than cash in a bank.

Where does Maye Musk sleep when visiting Starbase?

She stays on a small bed located inside Elon’s garage at SpaceX’s launch site in Texas.

- Advertisement -spot_img

More From UrbanEdge

One More Hike Then Done? Fed’s Williams Sees a Gentler Path Than Traders Price

New York Federal Reserve President John Williams sees no reason for further rate hikes in 2027. He still expects one more increase before this year ends. Futures traders see a steeper path, pricing in 93% odds that rates end 2027 at least 50 basis points higher. Which path the Fed takes could decide how much…

The Uncomfortable Truth Behind 90% of AI Payments

At every major financial conference this year, it seems impossible to escape the latest AI hype train.  A ubiquitous gospel has been preached that autonomous AI agents are right on the verge of taking over global finance, effortlessly throwing around serious capital and running the economy on behalf of their human owners. But is that…

South Korea’s 22% Crypto Tax Is Coming, and Tax Officials Are Racing the Clock

South Korea’s National Tax Service plans to publish crypto tax guidelines in November. The guidance precedes a 22% levy on qualifying gains starting January 1, 2027. Staking, airdrops, and decentralized finance remain the most debated areas. Exchanges still face questions about their reporting systems. What the 22% South Korea’s Crypto Tax Covers Qualifying income is…

Is Bitcoin Ready for Quantum Computers? What Coinbase’s New Plan Shows

Coinbase says Bitcoin (BTC) should start preparing well before anyone announces a quantum computer capable of breaking its cryptography. The exchange set out its technical considerations in an October 13 blog post. Coinbase holds roughly 5% of all BTC, worth more than $80 billion at current prices. It said the post aims to inform community…

Goldman Sachs Equity Trading Jumps 72% as JPMorgan Bond Desk Slips

Goldman Sachs equity trading jumped 72% in Q3 as JPMorgan's bond desk missed estimates for its first decline in over two years. The post Goldman Sachs Equity Trading Jumps 72% as JPMorgan Bond Desk Slips appeared first on BeInCrypto.

Binance Delisting Knocks 2 Altcoins Down as Much as 10% Within Minutes

Binance will delist Epic Chain (EPIC) and QuickSwap (QUICK), removing all spot trading pairs for both tokens on October 28. The exchange said it decided to delist the tokens after its most recent reviews. Binance lists trading volume, development activity, and team commitment among the factors it considers. QUICK Sinks While EPIC Claws Its Way…

A Recorder Wrapped in Toilet Paper Lands Former OpenAI Engineer in Federal Court

This week, a recorder wrapped in toilet paper and plugged into a TV in an OpenAI executive conference room put an engineer in federal court. Prosecutors allege Abdulrahman Alfozan, 35, planted the device and later appeared to look behind the TV. OpenAI says it used its models to analyze the device and identify the employee…

Ripple Brings Wallet-Based AI Agent Payments to XRP Ledger

Ripple has partnered with Privy, a Stripe-owned company, to bring AI-driven payments and embedded wallets to the XRP Ledger in a move that expands agentic commerce. The deal points to a future where software agents pay for services without manual approval. How the XRP Ledger Fits Into AI Payments Agentic commerce describes purchases that AI…

Bank of America Heads Into Q3 Earnings Carrying a $1.2 Billion Treasury Penalty

Bank of America received a $1.2 billion bill from the US Treasury a day before its earnings report. On Tuesday, the Treasury hit the second-largest US bank with more than $1.21 billion in anti-money-laundering and sanctions penalties. The bank said the charge will cut third-quarter net income by about 17 cents per share. A $1.2…
- Advertisement -spot_img