Musk’s answer when asked, “Why SpaceX going public now?”
In a JP Morgan public interview today about SpaceX’s upcoming initial public offering (IPO), Elon Musk was asked why the company was going public now, and gave a somewhat long-winded answer that included talking about the Sun as a major source of energy in the future, and then concluded very simply, to laughter: “We are embarking on a massive new growth phase and we need capital for that.”
I have embedded his response below. It is worthwhile watching because he does indicate much of what SpaceX wants to do, which not only involves an additional 100,000 communications satellites as well as a constellation of data satellites, it might also include possible solar power generation for use back on Earth. He also notes the company has been self-funding now for almost a decade.
JUST IN: Elon Musk lays out why SpaceX is going public, in a live conversation with JPMorgan CEO Jamie Dimon pic.twitter.com/xoDt4fWC2g
— Muskonomy (@muskonomy) June 4, 2026
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“””He also notes the company has been self-funding now for almost a decade.”””
This is one of the items that really irks the Big Government types. Both Trump and Musk make money the old fashioned way. They EARN IT.
Musk is keeping a super majority in voting rights.
This sale will never pose a risk to the board of directors taking over.
I now I am going to try to buy some.
To quote Jules in Pulp Fiction: “That’s all you had to say!”
I might look at it after what I expect to be a massive spike.
Crypto going down, Gold going down, liquidating / selloff to by SPACEX?
They’ve also released photos of Starship doing asteroid mining, so if they’re building industry in the Moon, mining asteroids, operating thousands of data centers, communications satellites, and beaming down energy to Earth, all of those are huge markets.
There’s also some irony about possibly beaming down solar energy, given his previous hatred for it.