SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
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Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#2As much as I'd love to invest I'm glad they're avoiding the short term outlook being publicly traded would demand.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#3Excellent news, even if the round is peculiarly undersized. First time I've seen them be so coy with the identity of the investor, too.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#4> Mr. Musk faces competition from another billionaire. Blue Origin, a rocket company founded by Jeff Bezos, the chief executive of Amazon, aims to send tourists and supplies into space.
Is that line even close to true? Last I heard Blue Origin was years away from revenue and far behind SpaceX in terms of capability and manufacturing.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#5As much as I'd love to invest I'm glad they're avoiding the short term outlook being publicly traded would demand.
Does being publicly traded necessarily mean you focus on the short term nowadays? We've got companies like Snap who issue non voting shares. I imagine SpaceX could offer common shares that have no voting rights, accept all future dilution and require you punch yourself in the head on Tuesdays and they'd still have a pretty decent offering.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#6> Mr. Musk faces competition from another billionaire. Blue Origin, a rocket company founded by Jeff Bezos, the chief executive of Amazon, aims to send tourists and supplies into space. Is that line even close to true? Last I heard Blue Origin was years away from revenue and far behind SpaceX in terms of capability and manufacturing.
I think it would be far more correct to say "Mr. Musk faces potential competition from another billionaire."
Though ULA is buying engines from BO.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#7As much as I'd love to invest I'm glad they're avoiding the short term outlook being publicly traded would demand.
Does being publicly traded necessarily mean you focus on the short term nowadays? We've got companies like Snap who issue non voting shares. I imagine SpaceX could offer common shares that have no voting rights, accept all future dilution and require you punch yourself in the head on Tuesdays and they'd still have a pretty decent offering.
Your stock price still gets beat up if you don't meet earnings, which means you can't raise capital as efficiently (or even fairly) if you need to in the future.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#8As much as I'd love to invest I'm glad they're avoiding the short term outlook being publicly traded would demand.
Does being publicly traded necessarily mean you focus on the short term nowadays? We've got companies like Snap who issue non voting shares. I imagine SpaceX could offer common shares that have no voting rights, accept all future dilution and require you punch yourself in the head on Tuesdays and they'd still have a pretty decent offering.
Being publicly traded means you become slave to shareholders. Their profit is ALL that matters.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#9As much as I'd love to invest I'm glad they're avoiding the short term outlook being publicly traded would demand.
Does being publicly traded necessarily mean you focus on the short term nowadays? We've got companies like Snap who issue non voting shares. I imagine SpaceX could offer common shares that have no voting rights, accept all future dilution and require you punch yourself in the head on Tuesdays and they'd still have a pretty decent offering.
Being publicly traded never necessarily meant you focus on short term. If that were actually true you'd never have seen Intel shelling out $15bn for a fab, or Westinghouse designing nuclear reactors.
Re: SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
#10Earlier quoted context omitted.
Does being publicly traded necessarily mean you focus on the short term nowadays? We've got companies like Snap who issue non voting shares. I imagine SpaceX could offer common shares that have no voting rights, accept all future dilution and require you punch yourself in the head on Tuesdays and they'd still have a pretty decent offering.
Being publicly traded means you become slave to shareholders. Their profit is ALL that matters.
Well, yes. That's the entire point of a corporation.