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by nostrademons
2436 days ago
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> My limited understanding is they are avoiding an IPO because their financials are not up to snuff. My understanding is that they're avoiding an IPO because it would jeopardize SpaceX's mission of getting to Mars. When they're privately held, Musk can vet investors to be sure that they're aligned with SpaceX's mission, or ensure that they're powerless enough that they can't make problems if they're not (eg. no board seats). When they're publicly held, things like unveiling Starship when NASA is pissed about Crew Dragon not being ready yet is just inviting a shareholder lawsuit. Wall Street tends to take a dim view of long-term highly risky bets, and going to Mars with privately funded R&D is precisely that. |
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No, Musk is going to keep SpaceX private because he hates public oversight, like the kind he’s gotten with Tesla.