Last fall, billionaire entrepreneur Mark Cuban publicly expressed his admiration for Elon Musk‘s business acumen and risk-taking approach, despite their ideological differences.
What Happened: In an October 2024 interview, Cuban praised Musk’s propensity to heavily invest in his business ventures. “He goes all in,” Cuban said.
Musk’s purchase of Twitter was highlighted as an example of his risk-taking approach. Musk acquired the platform in October 2022 for $44 billion, using his personal funds, bank loans, and capital from other investors.
However, X’s valuation has since taken a hit, largely due to Musk’s controversial stance on hate speech and “free speech.”
Despite these challenges, Cuban commended Musk’s entrepreneurial feats, including the co-founding of seven companies such as Tesla Inc. (NASDAQ:TSLA) and SpaceX.
Also Read: Cuban on Musk: ';I Have No Problem Throwing Elon Under the Bus, but I'll Save It for When It's Truly Deserved'
"Put aside his genius in coming up and running these companies, the one thing I respect the most about Elon Musk -- and he does more than anybody I've ever seen -- and that is he goes all in. He takes every cent he has and he believes in it, and he goes all…in. He never hedges his bet, at all," he said during the podcast.
“What he’s been able to accomplish is insane, it’s incredible,” Cuban remarked. However, he did criticize Musk’s social media conduct, referring to him as a “troll”.
"What he's been able to accomplish is insane, it's incredible. I would never diminish anything he's done as an entrepreneur," Cuban said. "As a Twitter user? … He just trolls to troll to troll."
Why It Matters: This development underscores the complex relationship between two of America’s most influential entrepreneurs.
Despite their ideological differences and public disagreements, there seems to be a mutual respect for each other’s business acumen and entrepreneurial spirit.
The impact of Musk’s risk-taking approach on X’s future remains to be seen, but it’s clear that his bold decisions continue to shape the business landscape.
Read Next
Mark Cuban Warns Elon Musk Is Making Trump’s Job ‘1,000 Times Harder’
Image: Shutterstock
