General

What SpaceX's re-launch and landing means to Tesla

edited November -1 in General
Today, spaceflight just got much cheaper, and in essence, Elon is so far ahead of his competition, that no other company will be able to compete as far as cost with spaceflight for years.

So what does this mean for Tesla? Elon's pockets are going to get incredibly deep, meaning that in the event that the company sees any trouble, he'll personally be able to back up Tesla once again by raising his stake in the company. Knowing that the CEO has already wagered his life savings on the company keeps my nerves calm, especially at such a critical juncture.

This is a huge success for the entire Musk empire, not just for SpaceX.

Comments

  • edited November -1
    BTW, EM owns 21% of TSLA
  • edited March 2017
    From Wiki:
    Ownership and valuation[edit]

    SpaceX launches by year.
    In August 2008, SpaceX accepted a $20 million investment from Founders Fund.[63] In early 2012, approximately two-thirds of the company were owned by its founder[64] and his 70 million shares were then estimated to be worth $875 million on private markets,[65] which roughly valued SpaceX at $1.3 billion as of February 2012.[66] After the COTS 2+ flight in May 2012, the company private equity valuation nearly doubled to $2.4 billion.[67][68] In January 2015, SpaceX raised $1 billion in funding from Google and Fidelity, in exchange for 8.333% of the company, establishing the company valuation at approximately $12 billion. Google and Fidelity joined the then current investorship group of Draper Fisher Jurvetson, Founders Fund, Valor Equity Partners and Capricorn.[69][70]
    As of May 2012, SpaceX had operated on total funding of approximately $1 billion in its first ten years of operation. Of this, private equity provided about $200M, with Musk investing approximately $100M and other investors having put in about $100M (Founders Fund, Draper Fisher Jurvetson, …).[71][dead link] The remainder has come from progress payments on long-term launch contracts and development contracts. As of April 2012, NASA had put in about $400–500M of this amount, with most of that as progress payments on launch contracts.[66] By May 2012, SpaceX had contracts for 40 launch missions, and each of those contracts provide down payments at contract signing, plus many are paying progress payments as launch vehicle components are built in advance of mission launch, driven in part by US accounting rules for recognizing long-term revenue.[66]
    In 2012, an initial public offering (IPO) was perceived as possible by the end of 2013,[65] but then Musk stated in June 2013 that he planned to hold off any potential IPO until after the "Mars Colonial Transporter is flying regularly,"[48] and this was reiterated in 2015 indicating that it would be many years before SpaceX would become a publicly traded company,[72][73] where Musk stated that "I just don’t want [SpaceX] to be controlled by some private equity firm that would milk it for near-term revenue"[74]
  • edited March 2017
    "it would be many years before SpaceX would become a publicly traded company, where Musk stated that "I just don’t want [SpaceX] to be controlled by some private equity firm that would milk it for near-term revenue"

    Gotta love him.
  • edited November -1
    Bingo! More R&D, yay!
  • edited March 2017
    SpaceX is a transportation company, which of course, is currently the primary division of Tesla right now. In the end game, SpaceX will be bought out by Tesla. I would estimate this will happen a few years after the SpaceX internet satellite system is deployed (giving SpaceX a recurring revenue base)..2030 or so timeframe. Google it.
  • edited November -1
    It's Space Trucking.

    It sounds like the rest of your ideas about the company is are bit confused, james.
  • edited November -1
    @CZ,

    Lol. If SpaceX is trucking, then first stop is International Space Station. Done.

    Next are Low Earth Orbit. Done.

    Next stop is a circumnavigation of the moon and return.

    Then . . . MARS!
  • edited November -1
    @james: Right! If these satellites can provide high speed internet to everyone, at a cost that cannot be matched...that is HUGE! There is are reasons to think that this could be as disruptive as anything else.
  • SOSO
    edited November -1
    I recall Elon stating he would not have SpaceX go public until after he has rockets going to Mars. His fears is that shareholders would put money ahead of his dream of Mars.
  • edited November -1
    Elon is one very special man.....may God protect him for the sake of mankind and the future of Earth.
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