Elon Musk’s Mars mission adds risk to red-hot SpaceX IPO

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Investors eyeing SpaceX’s potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.

SpaceX, which transformed space travel with reusable rockets and built a global satellite broadband network, is targeting a listing next year that could raise more than $25  billion at a valuation exceeding $1  trillion, which would rank among the largest initial public offerings in history.

Musk…



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Elon Musk’s Mars mission adds risk to red-hot SpaceX IPO



Investors eyeing SpaceX’s potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.

SpaceX, which transformed space travel with reusable rockets and built a global satellite broadband network, is targeting a listing next year that could raise more than $25  billion at a valuation exceeding $1  trillion, which would rank among the largest initial public offerings in history.

Musk…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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