Could you spend Elon Musk's money if you had it? And what would you spend it on?

For some, well, not all; it's no news that Elon is known for making bold investments in various industries, like automobiles, crypto, space exploration, etc.

Considering how wealthy he has been over the last decades, this is no surprise - earning a massive amount of money off his investments and being the world's richest man with well over $200 billion in net worth.

Elon holds a significant interest in three important companies; Tesla, SpaceX, and Twitter. The business magnate spent a whopping $2.89 billion purchasing a 9.2% stake in Twitter, which, in turn, made him the company's largest shareholder.

Elon is known for bold purchases and wise investments, and Twitter shares surged about 27% right after the purchase.
 
## Elon Musk's Best Investments To Date

Over time, Musk has invested in Tesla, PayPal, SpaceX, and DeepMind Technologies, which became successful companies.

### Tesla

Even though he wasn't a founding member of Tesla, he was among those who led an early round of financing the company back in 2004. And in 2008, he became the CEO of the company. Today Tesla is a significant EV manufacturer and the largest EV company by sales and market share.
PayPal
 
Musk founded X.com with others and that ended up being PayPal in 2001. When the owners sold PayPal to eBay in 2002, Musk, who with an 11.7% stake was the company's largest shareholder, received more than $150 million.
 
### SpaceX
 
In 2002, Elon founded SpaceX with a mission to innovate on space technology and a primary aim of taking humans to Mars. Pretty lofty goals, right? Since its inception, Elon has helped the company take on significant space projects; in 2021, NASA awarded SpaceX a contract to haul astronauts to the lunar orbit of the moon's surface in its Starship vehicles. 

## How Would You Spend Elon Musk Money
 
Considering how wealthy Elon is, being the richest man on Earth, you must have thought: 'How would I spend Elon Musk's money?'. Here are some ideas:

## Buy Bitcoin in Large Amounts
 
If you're keen on investing like Elon or just looking for ways to spend your money reasonably, you can purchase and hold Bitcoin in large amounts. Yes, it's a wise decision; in the past and present times, famous business magnates have evangelized the importance of owning Bitcoin. 

Why? Because it might just be the next big thing in finance, if it isn't already.
 
## Start or Invest in a Company You Love
 
Everyone is passionate about something. If that's you, then spending money on starting a company of your liking isn't such a bad idea. It's easier said than done, but what are the odds of losing if you try? You get to do what you love and start something you're passionate about that could lead to something big.

## Final Thoughts

Suppose you have well over a billion dollars. In that case, you can invest in companies, companies that you love their products oh so much, and, more so, companies that have the potential to innovate or change an industry constantly over time.

Do you love Apple products or Tesla cars? Investing in Tesla and Apple is a perfect way to spend your money wisely without worrying over significant losses.


 
 
 
 
 
 
 



Spend Elon Musk Money? How Would You Spend Billions?

It launched as a meme coin with the slogan "to the moon". [Dogecoin](/coins/doge) could now be heading into space for real.

DOGE-1, a 40-kilogram cube satellite that will fly as a payload on a Falcon 9 rocket, was unveiled on Sunday by Geometric Energy Corporation.  

DOGE-1 is a satellite that will be launched on a SpaceX Falcon 9 rocket and will circle the moon to "collect lunar-spatial intelligence via onboard sensors and cameras with integrated communications and computing capabilities."

According to the news statement, Dogecoin is advanced enough to fund a commercial moon expedition fully and will be used for all lunar transactions between the two firms.

This expedition will demonstrate the usage of cryptocurrencies in space and build the framework for interplanetary commerce, according to SpaceX Vice President of Commercial Sales Tom Ochinero in a statement published by Geometric Energy.

## Social Media Hints

There was a lot of "moon Dogecoin" chatter after hints on social media.

The journey, scheduled for the first quarter of 2022, follows Elon Musk's 1 April statement pledging to place Dogecoin "on the literal moon". Not everyone initially took it seriously as he tweeted about it on April Fool's Day. Musk added, "SpaceX is going to put a literal Dogecoin on the literal moon." In cryptocurrency parlance, this is known as "shilling" – the practice of constantly promoting a specific coin to increase its price. He said that the expedition would be paid for in DOGE and that it would be the "first crypto in space". However, the quantity of Dogecoin involved in the transaction with SpaceX was not revealed.

## Musk Refers to Dogecoin as a 'Hustle'

It happened when the price of Dogecoin fell further after the technology mogul claimed on television that it was a "hustle." On Sunday, Dogecoin dropped more than a third of its value when Mr. Musk referred to it as a "hustle" while presenting the Saturday Night Live comedy sketch television show. Mr. Musk's recent comments on the voyage to the moon have aided in transforming the once-obscure digital currency into the world's fourth-largest cryptocurrency. 

According to cryptocurrency data tracker [CoinGecko.com](https://www.coingecko.com/), it has increased by more than 800% in the previous month, with a total market value of more than $70 billion. In May 2018, Musk told reporters, "It's intended to do 10 or more flights with no refurbishment between each trip.

"We believe the [Falcon 9] boosters can fly at least 100 times before being decommissioned."

However, the moon Dogecoin mission is still taking shape, and it is presently planned to be orbital.

According to a Geometric news statement, the mission will launch an 88-pound (40-kilogram) CubeSat (appropriately named Doge-1) on a mission to acquire "lunar-spatial intelligence... with integrated communications and computational capabilities." The cargo will also include video surveillance, the specifics of which are unknown. It is likely to include sensors and cameras. 

In the opinion of Geometric CEO Samuel Reid, the transaction solidified DOGE as a unit of account for lunar business in the space industry. The organisation also promised to do all future missions in Dogecoin, citing rewards such as its security and the ability to conduct transactions even after business hours.  

## A Difficult Week for DOGE

Despite all the wonderful news and enthusiasm, Dogecoin has had a difficult week. Its value has fluctuated for various causes, but Elon Musk has been at the centre of it all. Overall, the cryptocurrency has returned about 10,000% this month and rebounded late Sunday evening after a huge drop on Saturday following Musk's SNL appearance.

Dogecoin's position in terms of real-world utility has recently solidified. AMC Theatres in North America confirmed last month that crypto payments could be made using Dogecoin.

The ascension of Dogecoin to the moon will mark a new milestone in the crypto realm. SpaceX, as a pioneer in private space exploration, is continuously creating precedents for humanity's future in space, whether purposefully or unintentionally.


















To the Moon: Dogecoin into Space

Where did Elongate crypto come from? If you use Twitter often, you will notice that meme coins gained a rise in public attention, which gave rise to more meme coins coming out.

## The cause: Elon Musk and his love for Dogecoin.

The [Tesla](https://www.tesla.com/) and [SpaceX](https://www.spacex.com/) billionaire frequently shared his thoughts, memes, and use cases for [Dogecoin](/coins/doge) and the Shiba Inu coin. This allowed the billionaire to elevate meme coins to more than just internet and crypto jokes, telling the world that they can be used for purchasing really valuable things, like a Tesla.

Now, Elon Musk's service to the crypto and meme coin community inspired a certain Lorenzo Andree to startup the Elongate coin with a group of others, following a tweet the Tesla founder made in March 2021.

The rest, as they say, is history. Elongate has long moved on into being a project with a purpose; aiming to fight world hunger and climate change, which frankly is an incredibly idealistic approach to giving a crypto project relevance, especially when you place it in comparison with the likes of Bonfire [attach link to the Bonfire article here].

Since launching in March of 2021, it has donated more than 60% of its periodic profits to charitable causes, all of which are voted on by the decentralised autonomous community.

Even without much poking into the mode of operations for Elongate, one can tell that the coin has found great use cases. It has slowly become a model figure for successful meme coins in the crypto community.

Powered by the Binance Smart Chain, it makes a profit on its coin by taking a percentage of transactions carried out as fees, using it to reward holders, storing 60% of it, and then voting on what charitable causes get to enjoy the goodwill of crypto people.

This has made individuals who trade the coin feel a sense of attachment, knowing that the cost of doing business with that coin is going into a charitable cause somewhere in the world.

With more than 400,000 holders, even though the coin is worth a fraction of a cent, we see there is tremendous potential.

If you take a look at this prediction by Digitalcoin and place it side by side with the work they are doing plus the way they operate and the blockchain they are built on, you will see that in the nearest decade, it could be one of the most valuable coins around in the crypto market.

While many may be skeptical about its inception, growth, current market value, and future, it is worth noting that nothing is really ever a joke when a purpose is given to it in the crypto space. Citing the initial example of Dogecoins and Tesla's, one can begin to see possibilities in how crypto can not just be a part of our lives outside the internet, but also significantly impact it.


Elongate Crypto: When a Meme's Not a Joke

It looks like Elon Musk has done it again. A seemingly innocuous three-word tweet from the Tesla and SpaceX founder saw a spike in the value of little-known Floki.

Musk simply shared a picture of his new Shiba [Inu](/news/article/akita-inu-coin) puppy with the caption “Floki has arrived”. Sweet sentiment, but the tweet went viral and spikes in the value of cryptocurrency with similar names were soon recorded.

The biggest winner was Shiba Floki which saw a 958.09% surge within one day of the tweet, according to reports.

## Floki Token Increase

Floki Inu witnesses increases in excess of 59% in a 24-hour period. Others, including Floki Shiba and Super Floki, also saw value rises.

It is not the first time a tweet from Musk has apparently impacted on markets; comments around Dogecoin and Bitcoin have seen values change.

Dogecoin prices also seemed to be affected by the Floki tweet. Perhaps this is unsurprising as the tweet featured a picture of a Shiba Inu dog. Dogecoin gained by 0.36% following the latest post from Musk, while Baby Doge Coin saw a 24-hour surge of 45.3%

## Shiba Inu Rises

Previous tweets from Musk have had a similar impact on Floki-related cryptocurrencies. Last month, when he said he would name his new pet Floki, Shiba Inu saw a 16% price rise.



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Spend Elon Musk Money? How Would You Spend Billions?

To the Moon: Dogecoin into Space

Elongate Crypto: When a Meme's Not a Joke

Floki Crypto Surges After Elon Musk Tweet