Connect with us

Hi, what are you looking for?


Clean Power

SpaceX Buys Additional $75 Million In Bonds From SolarCity

Originally published on Solar Love.

Right after the start of the summer season, solar business heated up when SEC filing news noted that Elon Musk’s SpaceX would be purchasing an additional $75 million in solar-backed bonds from SolarCity (of which Elon is Chairman), boosting its total investment to $165 million.

Elektrek writer Fred Lambert recently reported this investment comes “just after a major setback for SpaceX, its Flacon 9 rocket exploded Sunday morning on a mission to resupply the International Space Station.”

Elon Musk_shutterstock_256453009SpaceX was started by Musk in 2002, and has a goal of “making humans a multi-planetary species.”

LearnBonds provided this perspective on the SEC filing:

There is no major business link between SolarCity and SpaceX and the two firms operate in very different sectors. One thing they do have in common, however, is that those with cash, or emotional investment, behind them tend to believe in the vision of Elon Musk.

Those with shares in Tesla Motors Inc (NASDAQ:TSLA) and SolarCity Corp believe deeply in the future that he has outlined, and they think they can make money by getting there.

The influence of 43-year old Elon Musk’s investment vision is something to be reckoned with. As writer Jay Taylor puts it, “Shares of Tesla and SolarCity are up around 84% and 65% respectively over the past year, so I know I’m not the only one who believes in the Elon Musk future.”

Image: Elon Musk via Shutterstock

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

is a writer, producer, and director. Meyers was editor and site director of Green Building Elements, a contributing writer for CleanTechnica, and is founder of Green Streets MediaTrain, a communications connection and eLearning hub. As an independent producer, he's been involved in the development, production and distribution of television and distance learning programs for both the education industry and corporate sector. He also is an avid gardener and loves sustainable innovation.


You May Also Like


A major part of Tesla’s long-term plans includes expanding production to several different countries beyond its headquarters in the U.S. A new report suggests...


On Tesla’s Q4 2022 and full-year 2022 conference call for shareholders (still occurring as I’m typing this), we received updates on Tesla Cybertruck production...

Autonomous Vehicles

How does a 2023 New York Times magazine cover frame the Tesla CEO in light of upcoming lawsuits? Is the company in the grasp...


It isn’t easy being rich. You become a target of all sorts of people who just want to bleed you dry with silly lawsuits...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.