Despite the numerous arguments against going public, SpaceX appears to be a compelling candidate to go public. Elon Musk himself argued in an email to his employees that a public offering would lead to extreme volatility and the loss of control.
Musk’s tweet is not entirely surprising, as he caused a stir earlier this year when he said he planned to buy Tesla for $420, although he later clarified that the comment was a weed joke. In a subsequent interview, Musk said the comment was an ill-advised weed joke. However, the Securities and Exchange Commission has not yet cleared him from the alleged violation.
A SpaceX IPO may not be imminent, but investors are excited to watch the company debut on the public markets. SpaceX is currently privately funded by Elon Musk, private investors, and the Government. SpaceX is unlikely to go public until it has developed a reliable space transport system that can take people and supplies to Mars. Elon Musk’s death may prevent SpaceX from going public until it proves itself capable of achieving this goal.
SpaceX is currently a private company, but its shareholders will likely push for its IPO. Investors have raised $6.7 billion for the company and are eager to see the company go public. However, obtaining private shares is a complex process that doesn’t come cheap or easy. Additionally, investors must hold a valid securities license before they can buy stock. In the end, SpaceX is likely to go public. Its stock price will likely skyrocket once the company goes public.
Although SpaceX is not a public company, it’s still one of the most valuable venture-backed companies in the United States. Its founder, Elon Musk, used the proceeds of PayPal to fund the company. Google parent company Alphabet and Fidelity both own large stakes in the company. So, does SpaceX have a future in the public markets? There is no concrete answer yet, but investors should continue to monitor the company’s progress and plan accordingly.
Elon Musk has a track record of taking companies public. Tesla went public at $17 per share in 2010 and now trades at $838. Despite the company’s success, Musk has stated that he plans to go public only when the company’s revenue growth is smooth and predictable. This is unlikely to happen until 2020, but market watchers do not rule out the possibility. In the meantime, investors can target other promising space stocks.
Although SpaceX may not be going public any time soon, there are many other reasons to be excited about the company. One reason is its lucrative contract with NASA. The company recently won a $2.9 billion contract to work on the Artemis spacecraft that will take astronauts back to the moon for the first time in 50 years. In addition, a public offering would allow investors to access part of the company’s decisions based on the price of its stock.
Although it is hard to predict when SpaceX will go public, Starlink is a promising alternative. The company is rolling out a high-speed space-based internet service called Starlink. If it goes public, this would be a far bigger deal than an IPO of Tesla or a small-cap company. So, can SpaceX go public? And what will be the impact of this? Let’s look at these factors and see how SpaceX’s plans might affect its stock price.
The first major difference between a traditional IPO and a SPAC is the stock symbol. Public companies usually have a stock symbol that investors can identify with. Generally, three-letter symbols are preferred, but SpaceX’s stock does not have a symbol. Its stock symbol will likely be SPEX or SPAX, although SPCX is already claimed by an ETF that tracks SPACs.
After the initial public offering, SpaceX will launch its first tourist to the International Space Station by late 2021. Later, it plans to send manned missions to the moon and Mars. Upon completion of these missions, it will be a great time to go public. But the market will need to be stable for SpaceX to achieve this goal. Its current public offering should not be viewed as a time to launch Mars missions, so the stock price could drop dramatically.
There are a number of other ways to buy SpaceX shares. While it’s unlikely the company will go public in the near future, there are ways to buy shares before the IPO. For example, if the IPO is delayed, SpaceX employees could end up unable to sell their stock until the IPO has occurred. In either case, investing in pre-IPO shares is risky. It’s possible that SpaceX’s IPO may get delayed, or even cancelled.