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This is just completely untrue. Musk founded SpaceX from nothing, there was no prior entity he acquired or invested in.
https://en.wikipedia.org/wiki/History_of_SpaceX
There are lots of legitimate reasons to dislike Musk, there's really no need to make up lies about him to justify having an extremely low opinion of him.
He bought his way into the Mars Society and then was introduced to a whole bunch of people with real experience. Yes, he "created" SpaceX, but he did it the same way he does everything else...by throwing gobs of money at something that already exists and then having actual smart people figure out the hard stuff.