Why is SpaceX going public?
I can’t be the only person befuddled by this IPO. | Image: Laura Normand / The Verge I am excited about the SpaceX IPO for all the reasons investors shouldn't be. Maybe it'll be a real marquee moment for Silicon Valley, but I see the potential for a shitshow. After all, more than a decade ago, Musk said that SpaceX going public before going to Mars would be bad for the company. Are private markets tapped out on cash to fund SpaceX ambitions? Elon Musk has been very clear about his feelings on publicly traded companies. Specifically: He doesn't like them! "I am hesitant to foist being public on SpaceX, especially given the long term nature of our mission." In 2013, Musk sent an email to SpaceX, which his biographer Ashlee … Read the full story at The Verge.
I am excited about the SpaceX IPO for all the reasons investors shouldn't be. Maybe it'll be a real marquee moment for Silicon Valley, but I see the potential for a shitshow. After all, more than a decade ago, Musk said that SpaceX going public before going to Mars would be bad for the company.
Are private markets tapped out on cash to fund SpaceX ambitions? Elon Musk has been very clear about his feelings on publicly traded companies. Specifically: He doesn't like them!
"I am hesitant to foist being public on SpaceX, especially given the long term nature of our mission."
In 2013, Musk sent an email to SpaceX, which his biographer Ashlee …
This article was originally published by The Verge AI. View original article
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