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SpaceX investors want to cash out, which is why they’re going public. Elon Musk wants to dump his X/xAI bags onto the public markets by merging it with SpaceX.
by selectodude 8mo ago
SpaceX investors want to cash out, which is why they’re going public. Elon Musk wants to dump his X/xAI bags onto the public markets by merging it with SpaceX.
Essentially means that SpaceX investors are bailing out Elon Musk.
- khannn 8mo agoDon't forget that a lot of US mil stuff is launched by SpaceX so in a very real way they are the prime defense contractor in space for the country. If the public offering doesn't work, Unc Sam'll bail them out. Wonder if Trump will want a stake in the company this time.