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April 26, 2023 8:50 AM | 2 min read

Over the years, Elon Musk has been praised for his contributions to the automotive and space industries, hitting new milestones and leading the way. Recently, afellow billionaire shared his thoughts on the greatest contribution Musk has made to society.

What Happened: The recent test launch of Starship by SpaceX, which saw the record-breaking rocket successfully launch before blowing up in the air, has ignited a debate over whether the launch was a success or a failure for SpaceX and Musk.

While some have criticized Musk and SpaceX, Indian billionaire Anand Mahindra expressed admirationfor Musk in a tweet.

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The most significant contribution to business by Elon Musk will not be Tesla or SpaceX but his unwavering attitude towards risk. Most people would be permanently discouraged by such a failure. However, by treating each initiative as a learning experiment (and having the resources to do so), you essentially expand the boundaries of knowledge and progress, Mahindra tweeted.

The comments from the Mahindra Group Chairman come as Musk and SpaceX were already excited to get back to work on preparing for the next rocket launch.

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Related Link: Bill Gates Meets Harvard Classmate Anand Mahindra To Discuss Not About IT, But Social Impact

Why Its Important: The narrative surrounding Musk encompasses his roles as an investor, entrepreneur, and a visionary with an optimistic outlook.

Musk has shared over the years stories of how Tesla and SpaceX were both close to bankruptcy. Now the companies are worth hundreds of billions of dollars.

Perhaps more importantly, both Tesla and SpaceX have revolutionized their respective sectors, which came from Musk being able to recognize risk andovercome adversity.

If Musk stopped after the first failure for Tesla or SpaceX, neither company would be around today.

In the realm of the space industry, SpaceX experienced multiple setbacks before achieving a historic milestone with the first reusable rocket. Thanks to the technology developed after numerous failures, the expenses associated with space exploration and sending cargo into space have been substantially reduced.

Read Next: Donald Trump Praises Elon Musk With One Word Answer, Remains Critical Of Electric Vehicles

Photo:British High Commissionon flickr and Shuttertsock

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Not Tesla Or SpaceX: Here's Elon Musk's Greatest Contribution To Society, Says Indian Billionaire - Benzinga