SpaceX’s IPO may hold lessons for Singapore
When companies go public, their founders and managers should communicate a big vision rather than a plan to just deliver incremental gains
[SINGAPORE] When news broke last week that Elon Musk’s SpaceX had confidentially filed for an initial public offering (IPO) in the US, I couldn’t help wondering if it was an April Fool’s Day prank.
While there had been lots of market chatter about the company going public, reports of the confidential IPO filing first appeared on Apr 1 – which also happened to be the day that the National Aeronautics and Space Administration’s (Nasa) Artemis II blasted off on a 10-day trip around the moon.
The timing seemed rather too coincidental.
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