Elon Musk’s sudden plan to take Tesla private complicates possibility of SpaceX IPO

Elon Musk’s sudden plan to take Tesla private complicates possibility of SpaceX IPO

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/09/musk-reportedly-no-longer-considering-spacex-ipo-plans.html

Despite working in separate industries, the plan to take Tesla private raises questions about the future for CEO Elon Musk's other big project, SpaceX.

While the rocket-builder was never expected to IPO any time soon, Musk's distaste for public markets was made clear this week: Musk told Tesla employees and the world on Tuesday that he wants to take the electric vehicle maker private due to volatility of public markets, the quarterly earnings cycle and being the target of investors betting against the company.

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