SpaceX IPO Considerations: Examining Elon Musk's Historical Opposition to Going Public Before Mars
By
Elizabeth Lopatto
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The article examines the potential SpaceX IPO and Elon Musk's historical opposition to taking the company public before establishing a Mars transport system. It explores the contradiction between Musk's 2013 memo stating that going public before Mars would be bad for the company and the current consideration of an IPO, analyzing what might have changed in the intervening years. The piece presents both investor excitement and skepticism about the potential public offering.
Key quotes
· 5 pulledI am excited about the SpaceX IPO for all the reasons investors shouldn't be.
After all, more than a decade ago, Musk said that SpaceX going public before going to Mars would be bad for the company.
In 2013, Musk sent an email to SpaceX, which his biographer Ashlee Vance reprinted in his book, saying he didn't want to take the company public until his Mars transport system is in place.
Tesla went public because it 'didn't have any choice,' Musk wrote in a memo to SpaceX employees in 2013.
I am hesi
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