Executives at SpaceX and some of the other businesses that Elon Musk runs have reportedly expressed concern over his alleged drug use, according to a new Wall Street Journal (WSJ) report.
Citing unidentified people familiar with the matter, the WSJ reported that the tech billionaire uses LSD, cocaine, ecstasy, psychedelic mushrooms, and ketamine often at private parties and even before meetings.
Sources close to the SpaceX and Tesla CEO told the Journal that his drug use is still ongoing. In one instance, the report said Musk arrived almost an hour late to a meeting at SpaceX and delivered a rambling and slurring speech for about 15 minutes before the company's president took over the meeting.
Elon Musk Using Illegal Drugs Worried SpaceX Leaders
During the meeting, Elon Musk was reportedly incoherent when discussing the development of SpaceX's Big Falcon Rocket prototype in front of the employees.
His behavior raised concerns among the company's executives, with one reportedly describing the event as "nonsensical," "unhinged," and "cringe-worthy," according to Business Insider.
The WSJ report highlights how executives at some of Musk's companies have worried and struggled to manage his drug use and erratic behavior.
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The Reputation of SpaceX at Risk?
The report noted that illegal drug use, particularly in a company like SpaceX, could jeopardize the billions of dollars of government contracts due to federal regulations.
According to WSJ, Elon Musk's use of drugs could not only put SpaceX's reputation at risk but also its almost $1 trillion in assets held by investors, about 13,000 jobs, and the future of the US space program.
The report further noted that Musk's alleged drug use has also caused frustration among executives in his other firms, including former Tesla director Linda Johnson Rice, who reportedly became so worried about the impacts of this situation that she did not seek a reelection bid at the company.
Responding to the report, Musk's attorney, Alex Spiro, told WSJ that its description of the all-hands meeting was "false as has been confirmed by countless people who were present" and his client was "regularly and randomly drug tested at SpaceX and has never failed a test."
Elon Musk oversees six companies: SpaceX, Tesla, X, The Boring Co., Neuralink, and xAI. His net worth of $219.4 billion ranks No. 1 on the Bloomberg Billionaires Index.
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