SpaceX has 500% more cash than Tesla

Around four months after its public debut, Space X (NASDAQ: SPCX ) holds approximately six times as much cash and cash equivalents as Tesla (NASDAQ: TSLA ). More precisely, the space exploration company has $93.5 billion in cash and cash equivalents, while the carmaker has only $15.2 billion, according to data Finbold retrieved from CNBC on October 28. The 515% ($78.3 billion) difference in the two companies’ financial positions, however, excludes short-term investments, which can significantly change the picture of a company’s overall liquidity. SpaceX vs. Tesla: Which company has more cash? Indeed, SpaceX holds an additional $6.5 billion in short-term investments, bringing its combined cash and short-term investments to roughly $100 billion.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Finbold.