Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire.
A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.
Absolutely no due diligence by any of those investors either.
Next year EVERYTHING will be rockets, we have already prepared to be able to make 10000 rockets per day.
Think about it, you can go to work in the inner city in 5 minutes. And a rocket takes up very little parking space because it can be parked vertically.
With accompanying solar panels you can create you own Hydrogen, and you transport will be free and SUPER fast.
You are an idiot if you buy anything else, because our rockets is the only thing that is truly future proof.-Rewrite of MUSK FSD rants a few years ago.
Elon Musk is actually valuating the business on an assumption that rocket launches will increase 100 fold within a decade, and that he can make dirt cheap rockets, and SpaceX will capture almost the entire market.
It’s all absolute lunacy, even worse than the Tesla FSD scam, and just as bad as the Optimus robot scam. And his XAI scam.
It’s all scams, where Musk promise the impossible, and the value of his companies are inflated 10 to 100 times what they are actually worth.The horrible part is he’s trying to game index funds to make it so they have to keep buying his stock
Early inclusion into S&P 500 means auto buying to keep with things for index funds. Meaning a lot of 401Ks and Roth IRAs are going to be propping up this fuckers wealth.
It’s a desperation move…
A “private” company is valued at what offers you accept. Sell 1% for $100 million, and it’s a billion dollar company you own 99% of and can take loans out with that as collateral.
Publicly traded, and the total worth is determined by the highest someone will pay to buy the stock.
It’s still just opinion, but the founder losses the control of what they’ll sell for.
If nobody wants it unless it’s $5, then that changes the value of everyone’s stock regardless of how much they have or what they’d sell it for. And that means if it’s collateral for loans, banks can force the sale of those stocks at any price to recoup their money
Yeah I’ll pass and buy more rocket lab stock. Theirs don’t fucking explode all the time
Look, I’m a huge hater of SpaceX (their people are arrogant, obnoxious assholes, even outside of Musk) and a huge hater of Musk, but there is a very big difference in the philosophies of each company to explain the difference in exploding rockets.
The rockets that explode for SpaceX are their experimental ones, where they are pushing the edge and trying new things each time. They can afford to explode because they are a private company funded by a dude with 500 billion dollars. Their philosophy is to build, test, fail, assess failure, build, test, fail, assess failure, build, test, succeed. Once they figure it out, they succeed a lot. The last time a production rocket of theirs failed was over 10 years ago.
Rocketlab is working on VC funding that is literally an order of magnitude smaller. They can’t afford to test and fail. Their philosophy is to design, analyze, bench test, redesign, re-analyze, full test, succeed. It’s a completely different way to do business that requires a lower up-front investment but longer time for return on investment.
Isn’t he already a trillionaire thanks to his board choosing to invest harder in him instead of cutting him loose?
