All Topics

Technology

Art

Musk Compares SpaceX to Union Pacific Railroad Ahead of IPO to Justify Trillion-Dollar Valuation

Bailey Lipschultz, Davide Barbuscia

1h ago· 1 min readenNews

Summary

Elon Musk compared SpaceX to the historic Union Pacific railroad project to justify a trillion-dollar valuation and massive investor fundraising ahead of the company's IPO. He drew parallels between the skepticism faced by the 19th-century transcontinental railroad and the current perception of SpaceX's ambitious goals, using the eventual success of California as an example of long-term payoff.

Source

bskyMusk Compares SpaceX to Union Pacific Railroad Ahead of IPO to Justify Trillion-Dollar Valuationbloomberg.com

Key quotes

· 3 pulled

We're kind of like the Union Pacific

People thought they were crazy

but now California is the biggest s

Snippet from the RSS feed

When Elon Musk went into sales pitch mode ahead of the SpaceX IPO, the comparison he marshaled to justify valuing the company in the trillions of dollars, and tapping investors for tens of billions, raised a few eyebrows.

You might also wanna read

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·6d 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·7d 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·7d ago

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·6d ago

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·6d ago

SpaceX IPO Considerations: Examining Elon Musk's Historical Opposition to Going Public Before Mars

The article examines the potential SpaceX IPO and Elon Musk's historical opposition to taking the company public before establishing a Mars

The Verge·3mo ago