It's not binary: bosses and investors want to know who will obey the rules as you see them for a variety of reasons. They'll fund / promote based on the needs of the projects you will likely face.
With tillerhq.com, you can set up a pretty nice workflow to review your spending daily, weekly, or whatever cadence makes sense to you across all of your accounts, and it's only $79/year! :)
I like Elon, too, but "no qualifications to run a rocket company" is simply delusional. He majored in physics at Penn and econ at Wharton and went to grad school at Stanford studying material science (for two days, just enough to get to signal being smart). I have a harder time imagining what kind of background would be better being CEO of a rocket company.
If he runs Twitter like 4chan, it will surely fail, but I think he has more to his plan than he is willing to share publicly at this time.