The three hard-tech moonshots fueling SpaceX’s unbelievable IPO
SpaceX is coming to market on Friday, and investors can barely contain their excitement. 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.
- ▪SpaceX is coming to market on Friday, and investors can barely contain their excitement.
- ▪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 anyo
- ▪Tech investors have learned to never bet against Elon, whatever the business logic indicates.
TechCrunch files mainly under tech. We currently carry 470 of its stories.
Opening excerpt (first ~120 words) tap to expand
SpaceX 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.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.
Discussion
0 commentsMore from TechCrunch
