Elon Musk confirms SpaceX IPO plans, could value company at over $1 trillion

DragonSlayer101

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Forward-looking: Elon Musk has confirmed reports that SpaceX is planning to go public, possibly as early as next year. The CEO did not reveal any details, but reports suggest that he is aiming to raise more than $30 billion from the IPO, potentially valuing the company at more than $1 trillion.

The IPO plans were initially reported by The Wall Street Journal and The Information last Friday before Musk confirmed it on X this week. Replying to a post on the IPO rumors by Ars Technica Space Editor Eric Berger, Musk simply wrote that the reports are "accurate," but did not elaborate further.

According to Bloomberg, SpaceX is targeting a $1.5 trillion valuation for the entire company, including its fledgling satellite-based internet service, Starlink. Musk had earlier said that he plans to list Starlink as a separate entity once it becomes profitable, but did not offer a specific timeline.

An IPO would mark a major change in strategy for SpaceX, which has resisted persistent calls from investors to go public to unlock shareholder value. While Musk never offered an explanation for his reluctance to list SpaceX, reports suggest he is highly frustrated at the SEC over how it has scrutinized Tesla over the years.

Sources close to Musk also claim that he is more interested in landing a crewed spaceship on Mars than trying to comply with market regulations. After confirming the IPO plans, Musk seemingly reaffirmed his commitment to the Mars project by reposting an old SpaceX tweet promising to put a human on the Red Planet by the end of this decade.

The SpaceX IPO is expected to make a ton of money for several early investors, including Google. The search giant reportedly bought a seven percent stake in the company in 2015 for $900 million, valuing the fledgling startup at $12 billion. If Musk gets his desired $1.5 trillion valuation, Google's stake will be worth a whopping $111 billion, making it one of the best investments ever in a startup.

Musk himself also stands to gain a windfall from the IPO, with his net worth of $460 billion expected to double to nearly a trillion. His 42 percent stake in SpaceX alone would be worth more than $625 billion, according to Bloomberg. Musk has long been tipped to become the first trillionaire, and the SpaceX IPO could finally make that prediction a reality.

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"Musk seemingly reaffirmed his commitment to the Mars project by reposting an old SpaceX tweet promising to put a human on the Red Planet by the end of this decade."
Did he also repost his 2016 promise to launch a Mars mission by 2024, and establishing a self-sustaining city of one million people on Mars by 2050? Or his promise that Tesla's will be able to drive from coast to coast without human intervetion by 2017?

Until people like Musk don't land in jail and get money instead, the world will become a worse and worse place with every day, and further and further away from doing anything useful on Mars, OR on Earth for that matter.
 
"Musk seemingly reaffirmed his commitment to the Mars project by reposting an old SpaceX tweet promising to put a human on the Red Planet by the end of this decade."
Did he also repost his 2016 promise to launch a Mars mission by 2024, and establishing a self-sustaining city of one million people on Mars by 2050? Or his promise that Tesla's will be able to drive from coast to coast without human intervetion by 2017?

Until people like Musk don't land in jail and get money instead, the world will become a worse and worse place with every day, and further and further away from doing anything useful on Mars, OR on Earth for that matter.
I'm very interested in what you're smoking because I haven't ever heard him say "I promise you that XXX will happen by XXX." Here is an actual source from 2016: https://spaceflightnow.com/2016/06/02/elon-musk-hopes-spacex-will-send-humans-to-mars-in-2024/
Spaceflight Now said:
“I think, if things go according to plan, we should be able to launch people probably in 2024, with arrival in 2025,” Musk said.

“When I cite a schedule, it’s actually a schedule I think is true,” Musk said in a response to a question at Code Conference. “It’s not some fake schedule I don’t think is true. I may be delusional. That is entirely possible, and maybe it’s happened from time to time, but it’s never some knowingly fake deadline ever.”

He did not specify whether the mission would land on Mars or just orbit the planet.
Caveating it with "I think if things go according to plan" and "I may be delusional" make it the furthest thing from a promise lmao. People who hate Elon Musk love to pretend like they're so offended about so-called promises. In reality, Elon Musk's "promises" are usually spoken, forward looking predictions as answers to questions (a listener knows it's less accurate) and the other is a rear looking statement (you as a writer are able to check this before you claim it).
 
I'm very interested in what you're smoking because I haven't ever heard him say "I promise you that XXX will happen by XXX." Here is an actual source from 2016: https://spaceflightnow.com/2016/06/02/elon-musk-hopes-spacex-will-send-humans-to-mars-in-2024/

Caveating it with "I think if things go according to plan" and "I may be delusional" make it the furthest thing from a promise lmao. People who hate Elon Musk love to pretend like they're so offended about so-called promises. In reality, Elon Musk's "promises" are usually spoken, forward looking predictions as answers to questions (a listener knows it's less accurate) and the other is a rear looking statement (you as a writer are able to check this before you claim it).

And the peasants rejoiced. Dude isn't even real and hasn't worked a day in his life - he's literally done nothing. Not one thing. He's just an actor "front-manning" various investment groups, and the notion that he's the first trillionaire?

The Queen was worth some $400T+ when she passed. The actual rich people use props like Musk, Bezos, and Gates just as a smokescreen, the same way they use their own "wives" as beards.
 
And the peasants rejoiced. Dude isn't even real and hasn't worked a day in his life - he's literally done nothing. Not one thing. He's just an actor "front-manning" various investment groups, and the notion that he's the first trillionaire?

The Queen was worth some $400T+ when she passed. The actual rich people use props like Musk, Bezos, and Gates just as a smokescreen, the same way they use their own "wives" as beards.
eh, that's not exactly true. He''s definitely an egotistical degenerate, but he does know how to code and created Tesla with the money he got from creating PayPal. This series of unfortunate events is why we have to deal with him today
 
eh, that's not exactly true. He''s definitely an egotistical degenerate, but he does know how to code and created Tesla with the money he got from creating PayPal. This series of unfortunate events is why we have to deal with him today
Wrong again. He not only didn't create Tesla NOR PayPal, he's never even "coded" anything in his life. He doesn't even know BASIC.

"Tesla's original founders, Martin Eberhard and Marc Tarpenning, incorporated the company but left after Elon Musk became heavily involved, leading to a settlement where all five official "cofounders" (including Musk, J.B. Straubel, and Ian Wright) could use the title, though only Musk became exceptionally wealthy, while Eberhard and Tarpenning didn't see "billionaire" status but still benefited financially, with Eberhard notably bitter about the outcome and the public perception. "

The Origin & Key Players
  • Martin Eberhard & Marc Tarpenning: Incorporated Tesla in 2003, securing early funding.
  • Elon Musk: Invested heavily in the 2004 Series A round, became Chair, and eventually took over as CEO, gaining the most wealth.
  • J.B. Straubel & Ian Wright: Other key figures involved early on, officially recognized as cofounders.
The "Founder" Dispute & Settlement
  • A dispute arose over who could claim the "founder" title, with Eberhard suing Musk.
  • In 2009, they settled, allowing all five (Eberhard, Tarpenning, Musk, Straubel, Wright) to be called "cofounders".
Compensation & Wealth
  • Eberhard & Tarpenning: Left the company after disputes with Musk but received compensation and still own some stock, though not enough for billionaire status.
  • Musk: Became immensely wealthy due to his large stake and subsequent stock options.
  • Straubel: Also likely became a billionaire.
  • Wright: Left in 2004 and sold his stake years ago. "

    And PayPal? Are you serious? No, you aren't. You're simply wrong.

    "
    Peter Thiel cofounded the company that would become Paypal — called Confinity — in 1999 alongside Max Levchin and Luke Nosek. Confinity was launched as a developer of security software for hand-held devices like the PalmPilot, but it later pivoted toward digital money transfers.

    Thiel served as CEO of PayPal until October 2002, when eBay acquired the company for $1.5 billion. Thiel's 3.7% stake was worth a $55 million, according to SEC filings."

    Elan Mask had nothing to do with founding anything at all. He's a nobody, simply a figurehead for vast theft and Ponzi schemes, including SpaceX and Boring.

    It's not even slander since it's true.



 
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