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Musk claims he won't take SpaceX public because public investors have short attention spans and would require profit/return too soon. Because he wants goals se
by Consultant32452 9y ago
Musk claims he won't take SpaceX public because public investors have short attention spans and would require profit/return too soon. Because he wants goals set out further than the next quarter, he has kept the company in the hands of like minded investors.
That may just be bloviating on his part, but it does seem at least sensible on the surface.
- digi_owl 9y agoDell voiced something similar when he took his namesake company private after years of being publicly traded.
- amiga-workbench 9y agoAnd it appears the quality of their consumer products rose dramatically afterwards.
- martin-adams 9y agoMy understanding is that Musk wont take it public until the strategy of getting to Mars is protected.
- TheHeasman 9y agoBranson said the same thing about the Virgin Group when he turned it from a public to a private company.
- 27182818284 9y ago>That may just be bloviating on his part, but it does seem at least sensible on the surface. His biography definitely seemed to emphasize keeping SpaceX private until Mars starts to unfold
- BlackjackCF 9y agoMusk is not wrong about this. Space exploration is not a moneymaking venture. It's very risky. The odds are probably worse than gambling.