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I wonder if spacex will always be private. Amazing that such a company didn’t need public financing. What’s the purpose of an IPO these days?
by mensetmanusman 2y ago
I wonder if spacex will always be private. Amazing that such a company didn’t need public financing.
What’s the purpose of an IPO these days?
- defrost 2y agoSpaceX alone got a whopping $2.8 billion in government contracts last year, and has gotten a total of $15.3 billion from the government since 2003. Along with the money SpaceX has been awarded by the US government, the company requested an $885 million subsidy for its Starlink satellite broadband service to serve rural communities, but was denied by the Federal Communications Commission. The company has since appealed that decision. ~ https://www.theinformation.com/articles/inside-spacexs-lucrative-new-government-satellite-program https://www.theinformation.com/articles/inside-spacexs-lucra...
- wmf 2y ago~$12B in investment plus ~$30B in lifetime revenue of which $15B is from the US government. Mars is not cheap.
- mensetmanusman 2y agoThose numbers are smaller than what public companies are typically getting in this industry though over the years.
- wmf 2y agoIt seems like the purpose of an IPO is now to dump on retail after the company has peaked. Or maybe that's just SPACs.