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0SpaceX’s unlikely journey from far-out idea to $2.2 trillion juggernaut.
June 12, 2026, The New York Times
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iAbout 25 years ago, Adeo Ressi, a former college roommate of Elon Musk’s, begged the tech entrepreneur not to start a rocket company.
Mr. Musk had just reaped millions of dollars from the sale of PayPal, which he helped create, to eBay. He and Mr. Ressi were looking at ways to send terrestrial plant life to Mars. They had a $50 million budget, but soon found it was not enough to cover the cost of a rocket. So Mr. Musk told his friend that he was going to build his own.
Mr. Ressi said he had organized a panel of space experts one day in a conference room of a hotel in Santa Monica, Calif., and brought Mr. Musk in to hear why the idea was a fool’s errand. Private spaceflight was expensive, and the economics made little sense, the dozen or so people there said. But Mr. Musk did not heed them.
“I really want to congratulate him for the incredible perseverance,” Mr. Ressi said in an interview. “For making it happen.”
