Before Elon Musk became a trillionaire, SpaceX was close to going bankrupt. 💰🤯
Forbes estimates SpaceX’s June 12 Nasdaq debut pushed Musk to about $1.1 trillion after the company raised roughly $75 billion at a $1.77 trillion valuation, the largest stock market debut on record.
The contrast is that Musk came out of PayPal with $180 million, then poured almost all of it into SpaceX and Tesla. After three Falcon 1 failures and the 2008 financial crisis, SpaceX was down to a final launch attempt before Falcon 1 reached orbit on September 28, 2008 and NASA awarded a $1.6 billion cargo contract that December.
#ElonMusk #SpaceX #IPO #Nasdaq #Falcon1
Before Elon Musk became a trillionaire, SpaceX was close to going bankrupt. 💰🤯
Forbes estimates SpaceX’s June 12 Nasdaq debut pushed Musk to about $1.1 trillion after the company raised roughly $75 billion at a $1.77 trillion valuation, the largest stock market debut on record.
The contrast is that Musk came out of PayPal with $180 million, then poured almost all of it into SpaceX and Tesla. After three Falcon 1 failures and the 2008 financial crisis, SpaceX was down to a final launch attempt before Falcon 1 reached orbit on September 28, 2008 and NASA awarded a $1.6 billion cargo contract that December.
#ElonMusk #SpaceX #IPO #Nasdaq #Falcon1
