If this sort of thing concerns you, you should already be pissed because it's not the first time it's happened.

Remember SolarCity? SolarCity was one of Elon's companies. SpaceX had bought a large number of solar bonds. One interpretation of this was to keep the company afloat. A court disagreed [1]. When SolarCity became insolvent it was bought out by Tesla.

So one of Elon's companies bought out another of Elon's companies to save the third Elon company.

There is this myth that exists of Elon being some kind of tech deity but there's a much better case to be made that he's simply a highly privileged technocrat who has quite successfully failed upwards his entire career [2].

[1]: https://www.cnbc.com/2022/04/27/elon-musk-wins-shareholder-l...

[2]: https://www.marketwatch.com/story/the-many-failures-of-elon-...