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.
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.
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.
https://en.wikipedia.org/wiki/PayPal_Mafia
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.