If you are hoping to buy stock in Elon Musk’s SpaceX company, Musk now says you will have to wait until they have begun regular missions to Mars.


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If you are hoping to buy stock in Elon Musk’s SpaceX company, Musk now says you will have to wait until they have begun regular missions to Mars.

This is a change from earlier comments by Musk, which to me suggests that the company’s recent successes and sales has made it profitable enough that he’d rather maintain control than get cash from an IPO. By keeping the company private, Musk can avoid being beholden to stockholders. He can do what he wants.

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2 comments

  • Kelly Starks

    could be that whole SEC public disclosure thing would be uncomfortable for SpaceX.
    ;)

  • Tim

    Yeah, but it could be that he will maintain a wider parameter for success at a rate that is suitable for his Co.
    Rather than to be beholden by shareholders at this time. I think it a smart move on his part!

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