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Musk touts SpaceX's 'multiplanetary' mission ahead of historic IPO
🇵🇾 Paraguay /Economy & Trade

Musk touts SpaceX's 'multiplanetary' mission ahead of historic IPO

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • SpaceX is set to have its initial public offering, which is expected to be the largest in history.
  • CEO Elon Musk stated that while Earth has problems, humanity needs exciting future endeavors like space exploration to thrive.
  • The company aims to enable widespread travel throughout the solar system and beyond, making science fiction a reality.

SpaceX is poised for its historic initial public offering (IPO), a moment CEO Elon Musk views as a testament to the company's improbable success. "It's hard to believe that small company that started in a warehouse in El Segundo is now going public with the biggest IPO in history," Musk proclaimed. He recalled giving the venture less than a 10% chance of survival when he founded it, emphasizing the necessity of the attempt for humanity to become a truly spacefaring civilization.

Always be problems on Earth that we want to solve, but there also have to be things that excite you about the future and make you get up in the morning because you can't wait to see what happens next.

— Elon MuskMusk explained his philosophy on the importance of future-oriented endeavors during the SpaceX IPO.

Musk shared his vision from Starbase, Texas, highlighting the importance of pursuing ambitious future goals. "There will always be problems on Earth that we want to solve, but there also have to be things that excite you about the future and make you get up in the morning because you can't wait to see what happens next," he said. SpaceX's mission, he added, is to "take the 'fiction' out of science fiction and create an exciting and inspiring future for everyone."

It's hard to believe that small company that started in a warehouse in El Segundo is now going public with the biggest IPO in history.

— Elon MuskMusk reflected on SpaceX's journey from its humble beginnings to its historic IPO.

The company's IPO is set to be the largest ever, with its debut on the Nasdaq exchange at $135 per share. SpaceX anticipates raising approximately $75 billion, valuing the company around $1.77 trillion and positioning it among the world's top ten largest publicly traded firms. The company's president, Gwynne Shotwell, and CFO, Bret Johnsen, participated in the traditional Nasdaq opening bell ceremony in New York, while Musk joined remotely. The event was celebrated simultaneously by employees and collaborators at Starbase, with cheers and applause marking the significant milestone.

If people had told me this was going to happen, I would have said, 'Man, you must be smoking some really good crack, because I think this company is going to go bankrupt.'

— Elon MuskMusk humorously recalled the low initial expectations for SpaceX's success.
DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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