SpaceX becomes fourth-largest U.S. company by market cap, surpassing Microsoft
By
Kai Nicol-Schwarz
Properly proved. Has structure, has flavour, has a point.
Summary
SpaceX has surpassed Microsoft in market capitalization to become the fourth-largest U.S. company. However, former Tesla board member Steve Westly warns that investors may become impatient if CEO Elon Musk fails to meet growth projections within three to four quarters. Musk has stated the company could reach approximately $1 trillion in revenue by 2030, but analysts caution that returns may require a long-term outlook.
Key quotes
· 2 pulledInvestors at SpaceX, I believe, will get pretty grumpy after three or four quarters if he doesn't meet some of the growth projections that they made in the S1.
SpaceX might be able to reach approximately $1 trillion revenue in 2030.
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