The three hard-tech moonshots fueling SpaceX’s unbelievable IPO
Key takeaways
- Space X is coming to market on Friday, and investors can barely contain their excitement.
- Tech investors have learned to never bet against Elon, whatever the business logic indicates.
- That kind of business plan can be difficult to score.
Why this matters: a development in AI with implications for how people work, create, and decide.
Space X is coming to market on Friday, and investors can barely contain their excitement. The $75 billion stock offering is reportedly deeply over-subscribed, with some institutional investors ponying up for $10 billion blocks of Elon Musk s empire.
There are lots of reasons to be skeptical of the investment — big IPOs tend to sink, the company is losing money, and Musk s erratic online behavior would be terrifying coming from any other tech CEO — but it doesn t seem to be slowing anyone down. Tech investors have learned to never bet against Elon, whatever the business logic indicates.
But a dispassionate look at SpaceX s financial plans can still tell us a lot about what they re betting on: A business centered around orbital data centers that emerged in the last eighteen months as Musk sought a vision that would unite his conglomerate ahead of its IPO.