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Hard economic times, indeed. Elon Musk
, the man behind such endeavors as PayPal and Tesla Motors announced in a court filing in February that he's "run out of cash."
That court filing was actually a divorce filing from his wife, Justine Musk. And naturally, the news surpised Musk's peers in Silicon Valley and the like, since Tesla is planning a $178 million IPO, according to the Huffington Post
. Elon Musk Videos
In a NYTimes.com
column yesterday, writer Andrew Ross Sorkin wrote that Musk invested every dime he had in his business ventures and has been living on $200,000 a month, mostly from friends. Sorkin made the point that the scenario isn't so odd among entrepreneurs like Musk -- many of them are "cash-poor" but "paper-rich" due to how much of their own funds they've invested.
Talk about living on the edge. Musk took up with an actress named Talulah Riley, and now his wife Justine wants child support, the house, and millions of dollars in cash. Oh, and stocks in his companies.
Two weeks from now Tesla will hold an initial public offering of stock, which will probably value the company at $1.4 billion.
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