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Elon Musk: SpaceX goes public when Mars flights begin


RV_

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I'm not the only one chomping at the bit to buy shares of SpaceX when it goes public. Musk announced today that he does not trust the markets long term, as most investors are in it for the short term return. Few but us Tesla fans, short for fanatics could not become concerned with 50% price drops. Our only reaction here is to check if we have enough accumulating here to buy another $5-10k.

 

Musk dashed those hopes in the short term today.

 

Excerpt:

 

"SpaceX, best known as having won the contract to resupply the International Space Station, will remain private, Musk told shareholders of Tesla Motors, where he is CEO.

 

The problem, he explained, is that SpaceX's goals are long term. They are longer than the quarterly whims of the stock market where long-term is usually considered to be only several years. Since those inconsistent long-range goals would not be "super loved by the markets," it doesn't make sense to take the Hawthorne, Calif.-based company public.

 

Yet SpaceX would seem like a strong candidate for investors. It has had a string of successful launches of its Falcon 9 rocket and is working on its Dragon capsule for NASA.

 

So how soon? "It will go public once we have regular flights to Mars," he told investors. Musk is a proponent of exploration of the red planet."

 

The rest of the article from USA Today is here: http://www.usatoday.com/story/money/cars/2015/06/09/elon-musk-mars-spacex/28768361/

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