SpaceX goes public, Musk’s wealth skyrockets to $1171 billion, humans set off for Mars
Elon Musk’s net worth skyrocketed to $1171 billion (based on Business Insider calculations, including assets such as SpaceX, Tesla, Neuralink, etc.), becoming the first trillion dollar millionaire in human history, far surpassing the second richest person Larry Page’s wealth of over $200 billion.
SpaceX went public on NASDAQ at a price of $135 per share, raising $75 billion. How outrageous is this fundraising figure? Previously, the world’s largest IPO was Saudi Aramco’s $29.4 billion, and SpaceX directly did more than twice that, with a significant difference.
Many people have doubts about why a rocket company can outperform a bunch of business giants?
By carefully examining his business landscape, one may understand.
Firstly, the Starlink business is SpaceX’s most stable cash foundation. At present, the world’s only satellite Internet with full coverage has no competitors.
By 2025, the revenue will exceed 10 billion US dollars, with a high profit margin and stable annual income. Many technology companies have been burning money for ten years and are still losing money, while Starlink is already supporting their families.
Secondly, rocket recovery, which directly reduces the cost of space launch to one tenth of its original level, is a key technology for future human exploration of space and even entering the era of “colonizing Mars”.
Before SpaceX, launching rockets was the job of the national team, a one-time gameplay that commercial companies simply couldn’t afford. After the repeated launches of SpaceX’s Falcon 9, the aerospace industry shifted from a national project to a business, and it basically dominated the global commercial launch market.
Thirdly, imagine the immense space. Space tourism, low Earth orbit commercial services, lunar bases, Mars colonization, and space computing power are all occupied by SpaceX.
Musk did not take SpaceX public for personal wealth enhancement, he is already super, super rich. SpaceX’s financing is still aimed at leveraging global resources, concentrating traffic to achieve great things, promoting commercial space exploration, and creating new possibilities for humanity.
Trillion billionaires are not Musk’s goal at all. He wants to create a second home for humanity, explore Mars, and going public is just the beginning of all of this.
In other words, money is just earned through the process.