Tag: spacex elon musk

SpaceX IPO is really Elon Musk’s gamble to save his empire

Posted on By admin
SpaceX IPO is really Elon Musk’s gamble to save his empire

The SpaceX initial public offering (IPO), set for June 12, on Nasdaq (SPCX) is expected to be the largest single listing in history. The company is targeting a $75 billion raise at a valuation of $1.75-2 trillion. SpaceX is seeking a large liquidity influx to fund its Orbital Data Centre (ODC) initiative and terrestrial expansion…

Read More “SpaceX IPO is really Elon Musk’s gamble to save his empire” »

Science

SpaceX IPO filing shows Elon Musk can retain board control

Posted on By admin
SpaceX IPO filing shows Elon Musk can retain board control

SpaceX founder Elon Musk. File | Photo Credit: Reuters SpaceX is telling prospective investors its ​board will not need a majority of directors who are independent ⁠of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and artificial intelligence maker….

Read More “SpaceX IPO filing shows Elon Musk can retain board control” »

World