For the past few years, we’ve seen a lot of buzz over the prospects for a public stock offering of SpaceX, a spacefaring venture that makes and launches the Dragon spacecraft and Falcon launch vehicles to transport cargo and deliver satellites for clients including NASA, the US Military and private sector companies.
However, perhaps the reason most people want to see a SpaceX IPO is because it’s one of the many brainchildren of Tesla (TSLA) CEO Elon Musk, who has consistently made huge returns for stock investors since the late 1990s.
The Power of Musk
A bit of background: Early in his career, Elon Musk built Zip2, one of the first Internet-based city guides, which he later sold for roughly $340 million in cash and options to Compaq. He then launched X.com and merged it with PayPal, which then became the top player in online payments space and was sold to eBay (EBAY) for $1.5 billion.
With a net worth near $200 million, Musk was in a position to fund even grander ideas. One was SolarCity (SCTY), focused on revolutionizing the solar installation market.
And of course, Elon Musk is perhaps most famous for creating Tesla Motors, which was the first successful auto startup in 90 years, has revolutionized the electric-vehicle market and that currently sits at a market value of roughly $30 billion.
Is it any wonder that Wall Street is salivating for a SpaceX IPO?
SpaceX – To Infinity … But What About the Public Markets?
Founded in 2002, SpaceX has “the ultimate goal of enabling people to live on other planets.” This isn’t empty talk — Musk is working on plans to colonize Mars.
On one hand, this is a seemingly outlandish goal that normally would serve as a red flag for any SpaceX IPO. But Elon Musk thrives on proving people wrong, and has done so in the past via his companies.
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