Sure there were rumors, but I was plausibly convinced that they wouldn't do this:
Key Points
- SpaceX is preparing for a potential $1.5 trillion IPO as soon as mid-2026.
- Elon Musk confirmed rumors in an X post.
- The IPO could boost SpaceX’s goals, Musk’s wealth, and the entire space sector.
The numbers seems low at $1.5T and $30B - low if you think that Space is a huge growth sector (as I do) and considering that the company has been cash flow positive for years.
Why I thought that they wouldn't do this is that I think that Elon is driven by Mars colonization, and having shareholders dilutes his ability to focus on that.
I guess we'll see.
What I don't understand is why Mr. Musk would want to give up control of SpaceX by going public. He'd have to act in accordance with shareholders, or at the very least take their views into consideration.
ReplyDeleteThe "common 'taters" think the reason behind this is AI. AI needs a bunch of resources and the providers with the best combination of abilities and speed to meet their needs stand to make lots of money.
ReplyDeleteYet another piece of evidence AI is the biggest hype cycle of all time.