Musk's willingness to risk bankruptcy for the chance of success in his rocket launches illustrates a remarkable level of irrationality that can be seen as admirable in the context of entrepreneurship.

Successful founders often exhibit an obsessive focus and a level of irrationality in their pursuits, as exemplified by Elon Musk's approach to launching SpaceX.

Starting a company can seem insane if the goal is to achieve the best risk-adjusted return, but that wasn't my objective when I founded SpaceX.

Musk's intense focus on details means he knows how to get rockets into orbit, unlike leaders at companies like Boeing who may not have that level of expertise.

In 2008, both SpaceX and Tesla were facing dire situations. SpaceX had failed its third launch in a row, and Tesla was going bankrupt. It was a nerve-wracking time, but we managed to secure a contract with NASA to resupply the space station, which was a company saver.

Accepting the probabilities of success can help diminish fear. When I started SpaceX, I thought the odds of success were less than 10%, but I accepted that risk.

Elon Musk believes that taking risks is essential for success; if you're not causing 20% of the problems from the risks you take, you're not taking enough risks.

Even if I might lose everything with SpaceX, I believed we could still make progress and that another company could continue the work if we failed.

Accepting the probabilities can diminish fear; I thought the odds of success with SpaceX were less than 10%, but I accepted that risk.