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Will SpaceX go public in 2024? · Elon Musk Podcast

• 0:01
  Hey everybody, welcome back to the Elon Musk Podcast.
• 0:05
  This is a show where we discuss the critical crossroads that
• 0:08
  shape SpaceX, Tesla X, The Boring Company, and Neuralink,
• 0:13
  and I'm your host, Will Walden. One of the most important
• 0:18
  questions about SpaceX is will it ever go public?
• 0:22
  Will there be an IPO for the company?
• 0:25
  Can you buy shares for the company?
• 0:27
  Can you buy stock in the company?
• 0:29
  While late last year, SpaceX was reportedly in discussions to
• 0:33
  sell 500 million to 750 million shares of its stocks,
• 0:37
  potentially valuing the company at over $175 billion.
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  And this evaluation exceeds the record set by Alibaba's IPO in
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  2014. And it's a rise from Spacex's
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  $150 billion valuation in July of 2023.
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  Now, Spacex's new valuation would position it above major
• 0:59
  companies like Disney and Comcast in terms of market cap.
• 1:03
  However, the details of Spacex's tender offer could still change
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  at any time in the company is projected to generate $9 billion
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  in revenue over the whole year of 2023 and is aiming for
• 1:15
  approximately 15 billion in 2024.
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  SpaceX has achieved a very dominant role in the space
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  transportation market, accounting for over 64% of
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  commercial rocket launches in the first half of this year.
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  Elon Musk has attracted top talent to SpaceX, including
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  former NASA engineers and Apple product designers.
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  And the company satellite business, Starlink, which aims
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  to provide Internet access to remote areas, is seen as revenue
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  increase from $222 million in 2021 to almost $2 billion in
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  2022 and 2023. Now, despite speculation about a
• 1:55
  potential Starlink IPO as early as 2024, late 2024, both Elon
• 2:01
  Musk and investor Ron Barron have dismissed these rumors.
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  Barron, who is a significant investor in SpaceX, anticipates
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  A Starlink IPO around 2027, with Spacex's valuation potentially
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  reaching 250 to $300 billion at that point.
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  The Musk has previously indicated that he doesn't
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  foresee Starlink going public until at least 2025, and the
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  company is currently focusing on its goal of launching this mega
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  constellation of 42,000 satellites by next year using
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  the Starship rocket. Now Musk has mentioned on X,
• 2:40
  formerly Twitter, that Starlink's IPO would depend on
• 2:43
  the company becoming financially viable and being able to predict
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  cash flow effectively. Now.
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  Currently Starlink has achieved break even cash flow as per
• 2:52
  Musk's recent posts, but SpaceX reported a profit of 55,000,000
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  odd $1.5 billion in revenue for the first quarter of 2023 and
• 3:02
  then more throughout the year. The company has also raised
• 3:05
  significant capital through stock issuance, maintaining a
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  strong cash position. However, it has yet to reach its
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  projected target of 20 million subscribers, currently having
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  between two and three million subscribers.
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  SpaceX continues to attract an investment and interest despite
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  the uncertainty around its cash flow predictions.
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  It has recently secured a contract with the US Space Force
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  and investments from entities like Entessa San Paulo.
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  Ron Baron, who is a billionaire investor himself, says potential
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  in SpaceX is Starlink above all else, expecting it to go public
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  around 2027 with a valuation between 250 and $300 billion.
• 3:44
  Have you SpaceX and Tesla as key investments in his portfolio?
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  Listen to Ron Baron about this. He knows what he's talking
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  about, and Musk and Spacex's leadership have contemplated A
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  Starlink IPO once the business stabilizes.
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  Elon Musk has confirmed that Starlink has achieved break even
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  cash flow, though details remain unspecified.
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  And the company has launched over 5000 satellites and boasts
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  more than two million subscribers.
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  Now SpaceX is surging. Valuation, now around $150
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  billion, is significantly driven by Starlink.
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  Musk's decision to possibly take the company public reflects the
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  desire of long term investors to realize their investments out.
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  Spacex's stock sales are always notable events in the financial
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  markets, offering a rare opportunity for investors to buy
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  into one of Musk's most successful enterprises.
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  At the potential SpaceX stock sale shows that the company's
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  growth in Musk's ability to attract investment and drive
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  innovation is paramount to the success of Starlink and also
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  SpaceX. Now, the decision to go public
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  with Starlink alone, or any part of SpaceX, will be closely
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  watched because Elon Musk doesn't want to give up control
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  of the rocket company that will be bringing people to the
• 4:56
  surface of Mars. And as SpaceX continues to lead
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  the space transportation and satellite markets, the company's
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  financials and strategic moves will remain a topic of interest
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  among investors and industry watchers.
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  As of right now, the public can't invest in an IPO of SpaceX
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  or Starlink. So we're going to have to wait a
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  few years until Elon Musk makes up the company's mind so we can
• 5:20
  all invest. I'll be an investor right up
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  there right in the beginning. Hey, thank you so much for
• 5:25
  listening today. I really do appreciate your
• 5:27
  support. If you could take a second and
• 5:29
  hit the subscribe or the follow button on whatever podcast
• 5:32
  platform that you're listening on right now, I greatly
• 5:35
  appreciate it. It helps out the show
• 5:36
  tremendously and you'll never miss an episode.
• 5:39
  And each episode is about 10 minutes or less to get you
• 5:43
  caught up quickly. And please, if you want to
• 5:45
  support the show even more, go to patreon.com/stage Zero and
• 5:51
  please take care of yourselves and each other and I'll see you
• 5:54
  tomorrow.