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.
SpaceX is a good company but he is trying to saddle all his failed Tesla, twitter and xAI debt on to it, and it’s just not going to be worth what is asked at IPO.
He’s still gonna get rich though, just pass the toxic bags to retail investors and institutions.
Welfare queen you mean.
Starliner was a fail, they blew up more rockets in 3 years than NASA did in 50.
How you figure? I suppose it’s “good” if youre one of the types who enjoys seeing space travel privatized, extremely high stress and turnover, environmental hazards, toxic waste dumps, water pollution, and trillionaires.