'Let's give Elon Musk his due – he’s a hero'

SpaceX founder Elon Musk may be a difficult and polarising figure, but he is also a hero, says Jamie Ward.

Elon Musk in sunglasses and a baseball hat
(Image credit: Getty Images)

Elon Musk is an abrasive and frequently infuriating presence and is the focal point of loathing for the establishment. In the UK, members of the Labour cabinet view him as a threat to the administrative order. Yet he is a living example of the Great Man theory of history; “great” meaning a person of consequence, rather than good. The theory is that a single, determined will can move humanity more than the masses. The modern world would rather fiddle and legislate while Elon Musk seeks to act and solve civilisational challenges.

No number of committee meetings could conjure a Starship booster returning from the edge of orbit. This skyscraper-sized rocket fell through the sky only to be plucked to safety by mechanical chopsticks. A decade ago, this would have appeared only in science fiction, but today it is a reality. This is just one example of the way Musk's maniacal focus pushes the boundaries of the possible. Musk has many detractors, particularly in political circles. But politicians curate their personas to seek approval; people like Musk actually drive progress. History will record the man who caught the skyscraper-sized rocket long after his critics are forgotten.

Elon Musk is dedicated to human progress

SpaceX CEO Elon Musk unveils the Falcon Heavy rocket

(Image credit: NICHOLAS KAMM/AFP via Getty Images)

Musk was already very rich by the age of 27 after netting $22 million from the sale of his first business, Zip2. The sale of PayPal a few years later made him another $1 million. He was barely 30 and possessed enough wealth to purchase a private island and vanish from public view. Instead, he chose to dedicate himself to “the mission” of human progress. He views wealth as fuel for missions rather than a reward for success.

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He founded SpaceX and funded Tesla as attempts to solve humanity's challenges. He viewed the stagnation of aerospace and the slow development of electric cars as problems that required a focused, engineering-based response. By committing $100 million to rockets and $70 million to electric vehicles, he bet most of his wealth that he could solve the problems. He couldn't do this alone, but his willingness to bet big acted as a radical sorting mechanism for recruitment. Elite engineers joined because they recognised a founder willing to risk bankruptcy in the pursuit of a better future.

In 2008 the dream almost ended as both firms spiralled toward collapse. SpaceX had endured three launch failures and could afford one more failure before bankruptcy. Tesla was weeks away from exhausting its cash. Musk was borrowing money for rent while sleeping on factory floors to supervise production. Many would sacrifice one company to save the other, but he refused. Only a contract win from US space agency Nasa prevented liquidation. This helped create a culture in his companies that treats adversity as a mere stepping stone towards achieving the objective.

“Idiot Index”: the key to Elon Musk's success

The key to his success is to focus on what is possible, not what has been done before. Musk operates on the principle that “the only rules are the ones dictated by the laws of physics. Everything else is a recommendation”. His method is to strip a problem down to fundamental parts and then reason towards the goal. Most managers make incremental changes to existing models; Musk rejects precedent, believing the way things have always been done is irrelevant to the way they should be. He applies a metric known as the “Idiot Index” to maintain this discipline. This measures the ratio of a finished product's cost to the costs of its raw materials. A high ratio, such as is typical for space rockets, indicates an inefficient process. Musk expects his engineers to identify the best and worst parts of their systems through this lens at all times. This approach allowed Tesla to cut battery costs and manufacturing time by focusing on the component elements, not simply the price of the finished product.

He puts these principles into practice through five steps. First, question every step in the process and seek out flaws. Second, cut out any unnecessary part or process. Third, simplify or optimise, but only after part two is exhausted so as to avoid optimising a process that should not be there. Fourth, accelerate. Fifth and finally, automate. This sequence ensures engineers never waste effort on perfecting an irrelevance.

The Tesla Giga Press is an example. Traditionally, car manufacturers built underbodies by welding 70 or more separate parts together. Most accepted this complexity because they followed tradition. Musk looked at the simplicity of toy car manufacturing and wondered why full-sized vehicles were not cast as single pieces. He commissioned the creation of the largest casting machines in the world to produce a car underbody in one operation. This eliminated hundreds of robots from the production line and drastically improved structural rigidity. By scaling up the logic of a toy, he proved that a better, cheaper and stronger vehicle could be built more quickly and with fewer potential areas for failure.

Twitter layoffs illustrated Price's Law

The Twitter Headquarters in San Francisco, California

(Image credit: SAMANTHA LAUREY/AFP via Getty Images)

The acquisition of Twitter (now called X) and the changes brought about there was an experiment in Price's Law. This states that in any productive domain, the square root of the total number of people involved produces 50% of the results. So in a firm of 10,000 people, 100 individuals would account for 50% of the total value. This suggests that most people in a large workforce are redundant. When Musk reduced the headcount at Twitter by 80%, critics predicted a collapse. They assume that productivity is a function of the number of hours worked by the average employee. Price's Law reveals that productivity is concentrated in a tiny elite.

Price's Law is a counter to Marxian economics, which assumes that the worth of a product derives from the labour time required to produce it, seeing progress as a collective process. Musk works on the idea that you should only employ the real talent. Even then, once an employee is no longer driving the mission forward, they are replaced by someone who will. In X, he maintained the output of the platform while shedding the bureaucratic weight that had stifled innovation. The results were a faster and more feature-rich platform.

The modern Western world is choked by layers of managers managing managers who contribute nothing useful. These individuals thrive on the belief that committees lead to better outcomes. In high-stakes engineering and innovation, however, the many are a burden on the few who actually build. This “special forces” model of management prioritises individual brilliance over collective averages. By identifying and motivating this core, Musk forces a level of productivity that bureaucracies can't replicate.

Elon Musk has achieved orbital hegemony

SpaceX Starship rocket launches from Starbase, Texas

(Image credit: SERGIO FLORES/AFP via Getty Images)

Musk is perhaps best known for his relationship with Donald Trump or his management of Tesla, but his most impressive achievement is SpaceX. SpaceX has achieved a global monopoly through sheer competence. By 2025, SpaceX was responsible for delivering about 90% of the total weight of usable cargo moved into space. Most of the rest was handled by China. Musk achieved this by refusing to accept the “aerospace welfare state” that had defined the industry. Since the 1960s, firms such as Boeing and Lockheed Martin operated under cost-plus contracts, a system that essentially rewarded inefficiency where the government reimburses all costs and adds a guaranteed fee for profit, ensuring that the longer a project overran, the more the contractor was paid.

Musk set SpaceX's engineers to build rockets that were not just functional, but also economically superior. The result was to go back to first principles on every conceivable part of a space rocket, from materials used, to complexity of design and, most notably, reusability. Before SpaceX, throwing away a multi-million-dollar rocket after a single flight was normal. Musk viewed this as an absurdity, akin to discarding a Boeing 747 after a one-way trip across the Atlantic. SpaceX pioneered the landing and reuse of boosters and has reduced the cost of access to space by an order of magnitude. The Pentagon estimates that this shift has already saved the US taxpayer more than $40 billion in procurement costs.

The difference between SpaceX's “special forces” engineering culture and Boeing's bureaucracy is clear when you compare their passenger spacecraft. Despite receiving billions more in funding, Boeing's programme was plagued by years of delays and emergency technical failures, while SpaceX's leaner team delivered a reliable service for 60% less cost per seat. This performance gap continues to widen. The introduction of the SpaceX Starship V3 is intended to enable full reusability. Each engine generates more thrust than a jumbo jet, while the system is designed to be flown, landed and relaunched with high frequency. Soon SpaceX might render traditional expendable rockets obsolete.

Elon Musk's superpower

Ten years ago, Elon Musk was influential but relatively uncontroversial; his alignment with Trump has since made him a more polarising figure. But this political foray too reflects an engineering mindset rather than a thirst for office. Musk views the US state as a legacy system suffering from bloat. He applied his management process to the federal bureaucracy with characteristic ruthlessness. An initial audit uncovered “zombie payments” worth hundreds of billions of dollars. These funds were being sent to individuals who were either deceased, or, according to government records, not born yet. This foray into public service was only ever temporary and he completed a 100-day contract. His reason for doing it was that he believed it was the right thing to do. He didn't care that alignment with Trump would draw fury.

US President Donald Trump shakes hands with Elon Musk

(Image credit: ALLISON ROBBERT/AFP via Getty Images)

Musk believes that one of his greatest powers is simply not caring what people think of him. This insulation stems from his neuro-atypicality. Musk, who has said he has Asperger syndrome, tends to prioritise data over social cues; ignoring consensus and focusing on physical constraints, often treating social norms as secondary to progress. In the UK, energy secretary Ed Miliband has branded Musk a “dangerous person” and told him to keep out of this country and its politics. The irony is that Miliband, a man who has spent his entire professional life in non-jobs and a zealous proponent of net-zero, is criticising the man who has done more for sustainable energy through Tesla and SolarCity (yet another of Musk's firms) than any person alive. British ministers talk about some better future, but it's people like Musk who are building it. Politicians can only legislate, they can't magic into existence space-based clean energy (another of Musk's missions).

Let history be the judge of Elon Musk

Musk is a difficult man. We should not expect him to be easy or agreeable, as such traits are rarely found in those who actually change the world. If it were not for people like him dreaming about what is over the next hill, humanity would still be a small group of cavemen huddled together in fear. History will judge Musk by the 250-tonne rocket he caught and the progress he forced, not by the social approval he never sought.


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Jamie is an analyst and former fund manager. He writes about companies for MoneyWeek and consults on investments to professional investors.