Elon Musk and the Value of Failure

Virginia Postrel in The Washington Free Beacon:

For its first two-thirds, Walter Isaacson’s mammoth biography of Elon Musk is an epic romance, like The Lord of the Rings (a Musk favorite) or the Arthurian legends. It portrays the hero and his comrades overcoming seemingly insurmountable obstacles through daring, determination, cleverness, and skill, all in the pursuit of noble goals.

The critical moment in that tale comes in 2008, which Musk described to Isaacson as “the most painful year of my life.” His marriage broke up. One after another, the first three SpaceX rockets exploded before reaching orbit. The first Tesla Roadsters came off the line, but only with hand fitting at an exorbitant and unsustainable cost. He ran out of money. His audacious ventures appeared doomed. Everyone told Musk that his best chance was to try to save one company and let the other go out of business. But he refused to choose between Tesla and SpaceX.

More here.