When will the SpaceX Stock make its Debut in the Stock Exchange?
Space Exploration Technologies Corporation, popularly known as SpaceX, is a California based spacecraft manufacturing and space service-provider company with 4000+ employees. It was established in 2002 by the Tesla Motors CEO and the former Paypal founder, Elon Musk, with smaller investments by Draper Fisher Jurvetson, and Valor Equity Partners. The goal of the company was to create habitation on Mars as well as other planets and minimize space transportation costs by inventing reusable rockets. SpaceX is the only company ever to return a spacecraft from lower Earth orbit.
The company, being private, runs on private funds instead of government capital. Elon Musk saves quite a lot of sum by creating reusable rockets unlike the one-time rockets other companies create. The question of late however is, whether Elon Musk’s SpaceX will go public like his Tesla Motors or not?
Many investors are wondering if SpaceX stocks will ever hit the market and if its shares will be available on stock exchange, or not. However, SpaceX is a private company and the shares are owned by the private company individuals instead of public. SpaceX requires more funding which is why there are doubts whether it will be publicized in the future or not. Elon Musk claims however, that SpaceX will not go public until mission mars is accomplished. Not until regular flights to mars have begun, as the fear of not accomplishing his only goal becomes insecure with publicizing SpaceX. Musk fears the conversion of SpaceX will create a diversion in goals, from human colonization on Mars to earning profits.
SpaceX stock sale for time being remains out of question despite its ever increasing demand in the market owing to its success being a young company. The SpaceX stocks may however, hit the market. It might be closer than ever determining Falcon 9’s successful landing after launching recently in Cape Canaveral, Florida. It is SpaceX’s fifth successful recovery of rockets after post-launch. With the landing of Falcon 9 SpaceX launched the Dragon Cargo Capsule to the Space Station, where it was to engage with ISS (International Space Station). Dragon Cargo Capsule is only eligible for carrying supplies and science experiments as of now, but Musk believes that by 2035 thousands of rockets will be transporting millions of people to Mars to enable an autonomous human colony.
It is true that owning SpaceX Stock would be like owning Google or Apple stocks but as long as Elon Musk haven’t colonized Mars and established a government on the red planet, it is highly doubtful that SpaceX stock will make its debut in the Stock Exchange market. Whether this lofty goal can be accomplished or not, Musk definitely wants to die and be buried on Mars and however profitable or good owning the stock might be, the wait could be 2 decades or more but worth the wait.