As a percentage of Musk’s total paper wealth (between $686bn and $780bn depending on how xAI and SpaceX are valued), the purchase would insignificant. At the current market cap (he’d no doubt have to pay a premium) Ryan Air would come in between 4.48-5.1% of his paper net worth. For context, this would be equivalent to a paper millionaire (home equity, investments, cash-on-hand, assets) buying a car between $45,000 and $51,000 – the average sticker price for a new car in the United States.
But Musk wouldn’t have to radically alter the current business. His investment would return an estimated $4bn annually if based on last year’s figures. There’s also a possibility for growth outside of its core market.
A great solo travel tip spotted this week on Live and Let's Fly.
