Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire.
A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.
What a sign of the times that the richest man alive is a lottery winner who’s just cribbing everything from science fiction and there’s millions of people who think he’s a genius.
No thanks ,not with that scammer
How many humans arent meeting their basic needs? This guy is a cancer.
The horrible part is he’s trying to game index funds to make it so they have to keep buying his stock
Early inclusion into S&P 500 means auto buying to keep with things for index funds. Meaning a lot of 401Ks and Roth IRAs are going to be propping up this fuckers wealth.
SpaceX is a good company but he is trying to saddle all his failed Tesla, twitter and xAI debt on to it, and it’s just not going to be worth what is asked at IPO.
He’s still gonna get rich though, just pass the toxic bags to retail investors and institutions.
SpaceX is a good company
How you figure? I suppose it’s “good” if youre one of the types who enjoys seeing space travel privatized, extremely high stress and turnover, environmental hazards, toxic waste dumps, water pollution, and trillionaires.
SpaceX is a good company
Welfare queen you mean.
Starliner was a fail, they blew up more rockets in 3 years than NASA did in 50.
Next year EVERYTHING will be rockets, we have already prepared to be able to make 10000 rockets per day.
Think about it, you can go to work in the inner city in 5 minutes. And a rocket takes up very little parking space because it can be parked vertically.
With accompanying solar panels you can create you own Hydrogen, and you transport will be free and SUPER fast.
You are an idiot if you buy anything else, because our rockets is the only thing that is truly future proof.-Rewrite of MUSK FSD rants a few years ago.
Elon Musk is actually valuating the business on an assumption that rocket launches will increase 100 fold within a decade, and that he can make dirt cheap rockets, and SpaceX will capture almost the entire market.
It’s all absolute lunacy, even worse than the Tesla FSD scam, and just as bad as the Optimus robot scam. And his XAI scam.
It’s all scams, where Musk promise the impossible, and the value of his companies are inflated 10 to 100 times what they are actually worth.This reminds me of Isaac Asimov’s Foundation. The mule. One dude who draws power from being able to deceive billions of people.
Never really thought of it that way, he is drawing people in with his “psychic” lies.
We don’t have the fuel for hundreds of thousands of rocket launches. We also don’t have any reason for hundreds of thousands of people to have rockets. Hell, we don’t even have that moon colony built.
You know for Musk reality is irrelevant yes?
Muh self defense rocket
Goddam, of course…
Hey guys we will have to up the production capacity even more. So people can buy rockets for self defense. 😋
I have no idea why you were downvoted, your comment us spot on. 👍
Absolutely no due diligence by any of those investors either.
A trillion dollars is about what a million people make in their whole lifetimes.
It’s a desperation move…
A “private” company is valued at what offers you accept. Sell 1% for $100 million, and it’s a billion dollar company you own 99% of and can take loans out with that as collateral.
Publicly traded, and the total worth is determined by the highest someone will pay to buy the stock.
It’s still just opinion, but the founder losses the control of what they’ll sell for.
If nobody wants it unless it’s $5, then that changes the value of everyone’s stock regardless of how much they have or what they’d sell it for. And that means if it’s collateral for loans, banks can force the sale of those stocks at any price to recoup their money
Tesla’s stock price is currently so far beyond anything that makes any sense from a logical or economic standpoint. The stock market operates primarily on vibes and FOMO, unfortunately.
The stock market operates primarily on vibes and FOMO, unfortunately
It literally always has…
That’s the entire point of a stock market…
It’s like complaining that your car has four wheels and an engine.
The problem is the current oligarchs are so far deep on generational wealth, that they stopped learning about actual business generations ago.
Their parents went to school and half assed it, thisngroup never showed up to class but got degrees due to their names. Their kids are gonna be even worse because they’ll just ask AI.
So opinions used to be built on reality, but they were still operating on “vibes and FOMO”.
It’s a very very small group of idiots that control the majority of the stock market, so everyone walks on eggshells and tells them what to hear. Because if they pull their money out, they’re fine and everyone else is fucked.
A stock market isn’t a sustainable system. There has to be “server wipes” or eventually someone will “win” and literally own everything.
Every game of monopoly ends.
Silver lining is human numbers still matter a lot and those people only have their wealth/power because the majority allow them to.
That may not be true for our grandkids, that’s why they’re pushing AI and drones so hard, once they don’t need bodies, they don’t need the majorities permission (thru apathy) to do what they’re doing.
They want to rush it so they hit it in their lifetime, which is the only reason we have a chance to stop them.
The next democratic presidential candidate needs to promise to revive DOGE specifically to cancel every single contract the government has with this tumor of a person.
Yeah I’ll pass and buy more rocket lab stock. Theirs don’t fucking explode all the time
Look, I’m a huge hater of SpaceX (their people are arrogant, obnoxious assholes, even outside of Musk) and a huge hater of Musk, but there is a very big difference in the philosophies of each company to explain the difference in exploding rockets.
The rockets that explode for SpaceX are their experimental ones, where they are pushing the edge and trying new things each time. They can afford to explode because they are a private company funded by a dude with 500 billion dollars. Their philosophy is to build, test, fail, assess failure, build, test, fail, assess failure, build, test, succeed. Once they figure it out, they succeed a lot. The last time a production rocket of theirs failed was over 10 years ago.
Rocketlab is working on VC funding that is literally an order of magnitude smaller. They can’t afford to test and fail. Their philosophy is to design, analyze, bench test, redesign, re-analyze, full test, succeed. It’s a completely different way to do business that requires a lower up-front investment but longer time for return on investment.
Good. He can pay off the US national debt.
Isn’t he already a trillionaire thanks to his board choosing to invest harder in him instead of cutting him loose?
No, that deal only goes into effect if the Tesla stock price goes above a certain unrealistic value (more unrealistic than its current nonsensical valuation). He’s still a centibillionaire, but hopefully soon he’ll be merged with the other centibillionaires into a human centipede situation.
