SpaceX · Elon Musk · Microsoft · Tesla · China · Nvidia · Fortune Technology
The SpaceX IPO is a referendum on Elon Musk and his plan to colonize Mars
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Musk’s rocket-and-satellite company filed its S-1 yesterday, giving them a detailed look at the financials behind what’s expected to be the biggest initial public offering in history.
Key facts
- SpaceX expects to raise up to $75–80 billion at a valuation of $1.5 trillion or more
- Saudi Aramco raised $29.4 billion at roughly the same valuation in 2019
- Tesla’s operating profit was $4.3 billion last year, a 70% drop from three years earlier
- The Final Frontier: They're looking at a $28.5 trillion TAM (total addressable market) here, people
Summary
The big leadership story: Inside Microsoft’s plan to make up the ground it’s lost in the AI race. How much faith do you put in Elon Musk? In some ways, this is the stuff of speculative fiction: a bold plea for capital to conquer new worlds, a dream for one man to net the largest pay package ever handed out on earth if he manages to establish a permanent colony of at least 1 million people on Mars. (See page 236.) Though he might try, they can’t all be named Musk. SpaceX expects to raise up to $75–80 billion at a valuation of $1.5 trillion or more. To see how Elon Musk runs a public company, look at his track record at Tesla. Tesla’s operating profit was $4.3 billion last year, a 70% drop from three years earlier.