SpaceX's $1.75 trillion IPO and Musk's trillionaire status built on speculative Mars promises, critic argues
By
Andrew Griffin
Summary
This opinion piece by Andrew Griffin critiques SpaceX's upcoming IPO, which values the company at $1.75 trillion and would make Elon Musk the world's first trillionaire. The author argues that this massive valuation is built on speculative, science-fiction-like promises such as colonizing Mars with a million people and deploying AI in space. The article frames the IPO as a major economic turning point while questioning the feasibility of Musk's futuristic claims.
Source
bskySpaceX's $1.75 trillion IPO and Musk's trillionaire status built on speculative Mars promises, critic arguesindependent.co.ukKey quotes
· 3 pulledA million people on Mars; a trillion dollars in Elon Musk's pocket. That's the promise of SpaceX's new IPO – and it is one that we are all being asked to believe in, whether we like it or not.
And all of that – the vast valuation, the huge personal wealth of Musk – is based on a fantasy straight out of science fiction.
Whether or not you believe its CEO's claims about putting a million people on Mars and AI in space, the SpaceX IPO marks a major turning point in the economy and the world, writes Andrew Griffin
You might also wanna read
SpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
variety.com·25d agoSpaceX IPO Makes Elon Musk World's First Trillionaire as Stock Opens at $150
SpaceX's highly anticipated IPO launched at $135/share, giving it a ~$1.77 trillion valuation and making Elon Musk the world's first trillio
Variety·25d ago
Elon Musk becomes world's first trillionaire after SpaceX's record $1.77 trillion IPO
Elon Musk has become the world's first trillionaire following SpaceX's record-breaking IPO, which valued the company at $1.77 trillion — the
Rolling Stone·25d ago
Elon Musk Becomes First Trillionaire After SpaceX's Record-Breaking IPO
Elon Musk became the world's first trillionaire after SpaceX went public in the largest IPO ever, priced at $135 per share. The stock opened
Deadline·26d ago
SpaceX goes public in massive IPO, potentially making Elon Musk the first trillionaire
The article reports on SpaceX's IPO, which allows the public to buy shares of the combined rocket, AI, and social media company for the firs
The Verge·26d ago
Elon Musk becomes world's first trillionaire after SpaceX IPO
Elon Musk has become the world's first trillionaire after SpaceX's IPO (ticker: SPCX) pushed his net worth past the trillion-dollar mark. Hi
The Verge·26d ago
Elon Musk Set to Become World's First Trillionaire After SpaceX IPO Surpasses Expectations
Elon Musk is on track to become the world's first trillionaire following SpaceX's IPO on Wall Street, which opened with a higher-than-antici
Rolling Stone·26d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.