Berkshire Hathaway CEO (BRK-A, BRK-B) Warren Buffett has announced the provision of Elon Musk’s future SpaceX missions. “It will depend on the premium,” Omaha’s Oracle joked on Saturday during Berkshire’s annual shareholders’ meeting, broadcast live exclusively by Yahoo Finance.
During an extensive Q&A session with Buffett and Berkshire Hathaway Vice Presidents Charlie Munger, Ajit Jain and Greg Abel, a shareholder asked if the conglomerate would be open for a call from Elon Musk asking to insure SpaceX’s future mission and colonization. on Mars.
The question was directed to Jane, who is in charge of Berkshire̵
“In particular, he wants insurance to insure SpaceX’s heavy rocket, capsule, payload and human capital,” the shareholder said in the hypothetical request.
Without hesitation, Jane replied, “It’s easy. No thanks. I will pass. ”
Buffett, who, like Musk, is one of the richest people in the world, jokes that he is more susceptible to the idea of securing SpaceX’s goal of landing humans on Mars, which it has promised to do by 2024.
“Well, I would say it will depend on the premium. And I’d say I’d probably have a slightly different speed if Elon was on board or not, “Buffett said, referring to a well-known mercury CEO of both SpaceX and electric car company Tesla (TSLA). .
Buffett went on to explain why his speed would change based on Musk’s addition to the mission’s passenger list, “No, that makes a difference! If someone wants to insure something … it’s called getting a skin in the game. “
However, Jane did not intend to let the script end without confirming her more conservative approach. “Overall, I would be very concerned to write an insurance policy where Elon Musk is on the other side,” he joked.
“Tell Elon to call me instead of Ajit,” Buffett said with one last word.
While Berkshire Hathaway wholly owns or has stakes in companies in a number of industries, from technology to fast food to lingerie, insurance is one of its “family jewels” and “Berkshire’s core,” Buffett said in his annual letter to shareholders this year.
For their part, Musk and his companies continue to push through after clashing with federal regulators on Tesla’s autonomous driving technology and SpaceX rocket launches. While NASA awarded SpaceX a lunar spacecraft contract last month, Musk’s company was told on Friday to suspend the project while rival bidders challenged the contract.
SpaceX made the news the day after the meeting in Berkshire. Early Sunday morning, SpaceX successfully returned a group of international astronauts to Earth in the capsule of the company Crew Dragon “Resilience”. The four astronauts landed in the Gulf of Mexico near Panama City, Florida, after spending about six months on the International Space Station.
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Alexis Keenan is a legal reporter for Yahoo Finance and a former litigation lawyer. Follow Alexis Keenan on Twitter @alexiskweed.
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