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Will.i.am says he invested in Tesla before Elon Musk became CEO — but missed out on Airbnb

23 March 2025 at 02:07
Will.i.am
Will.i.am rose to fame with the Black Eyed Peas.

Getty

  • Pop star will.i.am said he invested in Tesla before Elon Musk was appointed CEO in 2008.
  • The FYI founder and CEO said he regrets turning down the chance to be an early backer of Airbnb.
  • The musician has credited Musk and Apple cofounder Steve Jobs as two big reasons his "life is nice."

Music legend will.i.am says he bet on Tesla before Elon Musk took the wheel โ€” but turned down the chance to be one of Airbnb's early backers.

"I invested in Tesla in 2006, before Elon took over the company, and he's done great, taking it to where it is," he recently told Fortune. "Hopefully, he can figure out a way to get it back to its glory."

The founder and CEO of FYI, whose real name is William Adams, stands to have made a fortune if he kept his stock. Tesla went public in June 2010 at $17 a share, or $1.13 adjusted for stock splits in 2020 and 2022.

The electric vehicle company's stock hit a record high of about $480 in December, representing a more than 420-fold increase from the IPO price.

Tesla shares closed at just under $249 on Friday, meaning an investor who bought in at the IPO price and held until now has made more than 200 times their money. Earlier buyers would have paid less for their shares, paving the way for an even greater return if they retained their stake.

The singer was asked on the "Drinks Champs" podcast last year to pick his favorite between Musk and Steve Jobs, the Apple cofounder.

"Damn, both of those cats is why my life is nice," will.i.am replied, noting he was part of the team that sold Beats by Dre to Apple for $3 billion in 2014. "You're talking about two companies that โ€ฆ changed my life โ€” so I say both."

The rapper and producer recently told Channel 4 that Tesla has "had its valleys and its highs" and applauded Musk for having "saved it out of bankruptcy in the past."

He also hailed Musk as a dreamer and one of the "heroes of this era" while sitting next to the Tesla and SpaceX chief during a 2012 discussion hosted by Singularity University's executive program.

Another entertainment legend, Morgan Freeman, has also said he owns Tesla stock and has spoken highly of Musk. "He's, you know, what he's done, nobody else has ever done," the movie star said in 2016. "He's landed a rocket ship so it's reusable โ€” you know what a feat that is?"

A representative for will.i.am declined to confirm whether he still owned Tesla shares, telling Business Insider he "doesn't publicly discuss his holdings at this level of detail."

The one that got away

The music superstar โ€” who shot to fame with the Black Eyed Peas and later became a judge on "The Voice UK" โ€” told Fortune his previous bets include Pinterest, Dropbox, OpenAI, and Anthropic, along with another company that Musk now owns.

"I invested in Twitter early on. When Jack [Dorsey] left, I sold it. Made good there," will.i.am said.

Jack Dorsey smiling pictured in 2022
Jack Dorsey was a cofounder of Twitter, now X.

WWD/Penske Media/Getty Images

The "I Gotta Feeling" and "Boom Boom Pow" singer also said Airbnb cofounder and CEO Brian Chesky invited him to invest up to $200,000 in an early fundraising round.

After will.i.am learned the home-sharing platform offered neither a concierge nor room service to guests, he rejected the invitation. He explained that frequently traveling and staying in hotels meant he'd been "pampered by the best," leading him to judge Airbnb by luxury hospitality standards.

Passing was the "wrong decision" and a "bad one," he said at a recent SXSW event, per an Instagram video. Airbnb went public in December 2020 and is now valued at about $80 billion, meaning even a 0.1% stake would be worth roughly $80 million.

"Ballin', I would have been," will.i.am quipped. "Now, I'm like bawlin'."

Read the original article on Business Insider

Palmer Luckey reveals his latest texts with Elon Musk

17 March 2025 at 11:15
composite image of Palmer Luckey and Elon Musk
Palmer Luckey (left) and Elon Musk (right) text regularly.

Patrick T. Fallon/Getty Images; AP Photo/Matt Rourke

  • In recent texts, Palmer Luckey and Elon Musk discussed an award-winning Black Eyed Peas song.
  • The original lyrics of "Let's Get It Started" were changed in 2004 to erase a slur in the song.
  • Musk's own use of the slur on X was followed by a resurgence of posts featuring the R-word.

Palmer Luckey and Elon Musk like to keep in touch, and not just about tech.

Defense tech exec Luckey is a longtime Donald Trump supporter. Although he was hesitant to call Musk a friend, he said during an episode of the "What's News" podcast that they text each other "fairly regularly."

One of their recent exchanges veered away from politics or business, however.

Believe it or not, it was instead about the 2003 hit song by the Black Eyed Peas, "Let's Get It Started." Luckey referred to a different version of the song with a slur in the name.

"The Black Eyed Peas' Grammy-winning song, 'Let's Get Retarded,' has been taken off every single music platform and replaced with the child-safe version that was for children's sports games, 'Let's Get It Started,'" Luckey, the founder of Anduril, said.

Specifically, he said it's a collective memory "nobody even really talks about, despite everyone agreeing that it has happened."

The original lyrics were changed in 2004 for an NBA advertisement. The Black Eyed Peas and its management also received backlash over the lyrics, and the "Elephunk" album was rereleased without the old version. In 2005, "Let's Get It Started" won a Grammy in the Best Rap Performance by a Duo or Group category.

Musk appears to have an affinity for using the R-word. Dozens of his posts to X use the term as an insult or in a joke. On January 6, Musk responded to a post with, "f u retard." In the days that followed, there was a 207.5% increase in posts using the word, a study by Montclair State University faculty found.

Neither Musk nor Luckey immediately responded to a request for comment by Business Insider.

You are fully retarded.

SpaceX could have brought them back several months ago.

I OFFERED THIS DIRECTLY to the Biden administration and they refused.

Return WAS pushed back for political reasons.

Idiot.

โ€” Elon Musk (@elonmusk) February 20, 2025

As "woke" gets an increasingly negative connotation, offensive language that had once been pushed out of the lexicon is making its way back into conversations.

Musk has made his stance against "wokeness" clear in the past. Data annotators helping to train xAI chatbot Grok were instructed to keep an eye out for "woke ideology" and "cancel culture," according to training documents previously viewed by BI.

Luckey knows a thing or two about being "canceled." He was ousted from Facebook, now Meta, in 2016 after the company was criticized for donating to an anti-Hillary Clinton political group. Meta denied that his firing was over politics.

These days he's been spending time at Trump's Mar-a-Lago with Musk and his former boss, Mark Zuckerberg โ€” but Luckey told the podcast there are no hard feelings there.

Read the original article on Business Insider
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