economy
Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation
SpaceX has achieved its goal of becoming the largest IPO on record.
TL;DR
- SpaceX is looking to raise $75 billion, valuing the company at $1.77 trillion.
- The company operates three core businesses: space operations, Starlink (the only profitable unit), and xAI.
- At least two of these 'moonshots' must be successful to support SpaceX's valuation, according to a former Tesla board member.
- There is a possibility of merging Tesla into SpaceX, which is considered 'absolutely likely' by the former board member.
- SpaceX has achieved its goal of becoming the largest IPO on record.