Science

Japanese Billionaire Who Bought A SpaceX Ticket To The Moon Is Broke

In October 2018, Yusaku Maezawa made a down payment described by Elon Musk as a “significant deposit” to be SpaceX’s first Moon passenger. Yusaku Maezawa, is a Japanese fashion tycoon as the founder and largest shareholder of the online fashion shopping site Zozo Inc. With his company reeling from a series of strategic missteps and his recent tweet on Sunday announcing he’d be auctioning off several pieces from his personal art collection this month, Maezawa has many wondering about his days as one of the highest spender in the world.  His tweet, “Yes, I have no money. I spend it so quickly” with a smiley face could have a devastating impact on SpaceX’s Moon mission.

One of Japan’s richest men, Maezawa is a notoriously reckless spender known for high profile purchases of millions on everything from paintings to private jets, according to a Bloomberg story. His net worth has declined dramatically in recent years, from an estimated $4 billion in 2016 to just about $1.4 billion nowadays.

The entrepreneur is a crucial contributor for funding Musk’s upcoming rocket to the moon scheduled for 2023. Musk had stated in September that Maezawa’s SpaceX down payment had a “material” impact on the development of the project estimated to cost about $5 billion but could amount to $10 billion in total. In other words, if the SpaceX is relying on its first Moon passenger to finance a chunk of that mission then the billionaire’s dwindling finances could deal a major blow to their plans.

Related Articles

Leave a Reply

Back to top button
Close