SpaceX writes Tesla’s future in the stars
The IPO of Elon Musk’s space company reveals similarities with his electric vehicle maker
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THE SpaceX initial public offering prospectus is more than 400 pages of rocket fuel-grade ambition. It is also an extended warning for investors in Tesla who aren’t named Elon Musk.
Musk’s latest pitch to the public market involves a mooted US$2 trillion valuation for Space Exploration Technologies, where he is CEO, chief technical officer and chairman.
Common to all Musk ventures, the company calculates a total addressable market that is monumental, only more so: the largest “in human history”, at US$28.5 trillion.
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