Forget Facebook, SpaceX Success Has Market Thinking 'IPO'
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SpaceX's Dragon capsule splashed down today after completing a successful mission to deliver cargo to the International Space Station (ISS). The success marks a milestone in commercial space travel and exploration, since the Dragon capsule was the first privately owned spacecraft to successfully reach the space station.
With everyone's jets still cooling, the question now is will Elon Musk, the company's founder, take SpaceX public?
If so, it wouldn't be Musk's first experience with an IPO. Besides being a rocket-man, he is also the founder of Tesla Motors (NASDAQ: TSLA), a company that pioneered electric vehicles in the US. In 2010, Tesla went public and since then, although it hasn't been a perfectly smooth road, the company has flourished. Musk also co-founded X.com, which is now eBay's (NASDAQ: EBAY) Paypal.
In April, Musk told Bloomberg that an IPO might be possible in 2013. However, with all the hype and interest around the recent success, many are wondering if the IPO could come sooner rather than later.
SpaceX is big business. With NASA taking the space shuttle out of rotation, SpaceX has a huge contract in place to deliver cargo to the ISS and it could get bigger and bigger. That contract has a minimum value of $1.6 billion and could be worth up to $3.1 billion.
So Mr. Market: forget about Facebook... SpaceX could be the next big IPO and this one could be out of this world.
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With everyone's jets still cooling, the question now is will Elon Musk, the company's founder, take SpaceX public?
If so, it wouldn't be Musk's first experience with an IPO. Besides being a rocket-man, he is also the founder of Tesla Motors (NASDAQ: TSLA), a company that pioneered electric vehicles in the US. In 2010, Tesla went public and since then, although it hasn't been a perfectly smooth road, the company has flourished. Musk also co-founded X.com, which is now eBay's (NASDAQ: EBAY) Paypal.
In April, Musk told Bloomberg that an IPO might be possible in 2013. However, with all the hype and interest around the recent success, many are wondering if the IPO could come sooner rather than later.
SpaceX is big business. With NASA taking the space shuttle out of rotation, SpaceX has a huge contract in place to deliver cargo to the ISS and it could get bigger and bigger. That contract has a minimum value of $1.6 billion and could be worth up to $3.1 billion.
So Mr. Market: forget about Facebook... SpaceX could be the next big IPO and this one could be out of this world.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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article on Jun 1, 2012 12:31 AMMark as Spam | Reply to this comment
Yep i would buy em up.. The article mentions Tesla Motors as Telsa so may want to fix that