Sacks explains Musk's net worth increased after SpaceX IPO but he has no more cash in the bank.
“He doesn't have one more dollar in the bank than he did the day before the IPO.”
Sacks says a SpaceX welder made a million dollars in stock, showing tech industry's inclusive ownership.
“There's a great story about how there's a welder who worked at SpaceX who I think has made a million dollars in SpaceX stock transformational.”
Sacks explains SpaceX's path to $100B ARR requires two gigawatts at $50 per watt.
“A gigawatt is a billion watts, so 30 to $50 per watt means 30 to 50,000,000,000 per gigawatt. And I think they're at the high end of that range right now.”