Elon Musk bet his final $40 million on Tesla and SpaceX: "I had like zero money"

One of the toughest decisions I've had to make was in 2008, I think I had like $40 million left or something from the PayPal sale, and I can put it all on SpaceX or all on Tesla or increase probably either one or I could split it. To me the companies are like kids. It's not just a company to me. So it's like, so it's like if you got two kids, how could you say, we're going to let one kid starve? So I couldn't, I couldn't bring myself to say, I'm going to definitely that company's going to die or that company's going to die. Splitting the money and gave the $20 million to Tesla and $20 million to SpaceX. That could have ended up being a super dumb decision, and both companies as a result. So we managed to squeak through with a convertible debt round that basically just matched that I put in, which is everything I had. And then I had like zero money and not even have a house or anything.