SpaceX's journey from near-bankruptcy in 2008 to historic $2 trillion IPO
By
Marco Quiroz-Gutierrez
Summary
SpaceX went public on Friday with a $2 trillion market cap, becoming one of the most valuable companies in the world. The article traces the company's journey from a risky startup idea Elon Musk had after talking with his college roommate, through near-bankruptcy and multiple rocket explosions in 2008, to its historic IPO success. Musk admitted he gave SpaceX less than a 10% chance of surviving.
Source
bskySpaceX's journey from near-bankruptcy in 2008 to historic $2 trillion IPOfortune.comKey quotes
· 3 pulledI gave SpaceX less than a 10% chance of succeeding at all.
SpaceX's IPO on Friday officially made it one of the most valuable companies in the world with a $2 trillion market cap—but getting to this point was no easy feat.
Just over two decades ago, SpaceX was a fledgling startup sparked by an idea Elon Musk had after talking with his old college roommate.
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