Musk plans a stock offering for SpaceX after successful IPOs in his other firms

by | Dec 14, 2012 | Seradata News | 14 comments

Elon Musk, the billionaire Internet, clean energy and rocket entrepreneur who made his initial fortunes in the internet business, most noticeably via his interest in the sale of the Paypal business, has just added to his wealth via the public sale of the solar generation leasing firm, SolarCity, in which he had a shareholding.

After the Initial Public Offering (IPO) of stock the price of the shares on the first day closed at $11.79, up 47 per cent from the initial share sale price of $8.  As a result, the value of Musk’s shares in the SolarCity firm where he also is Chairman, went up by $70 million from $150.8 million to circa $220 million.  Musk also used the sale to slightly increase his total shareholding in the firm.

Musk previously reached “billionaire” status as the result of his financial interest in the Tesla Motors electric car firm (where he is CEO) whose IPO in 2010 caused the valuation of Musk’s own shares in Tesla to be counted as being in excess of $1 billion. 

Elon Musk has now declared that he is planning an IPO for Space Exploration Technologies (SpaceX) which could occur as early as the latter half of 2013. 

“SpaceX will go public at some point, as I think it should ultimately be owned primarily by the public.” he reportedly said in a tweet to his fans.   Musk however remains fearful of going fully public with SpaceX stock as he noted that publically owned firms do not always survive well in the longer term.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to

Related Articles

Following a long series of delays SpaceX has managed to launch its lingering Starlink mission

On 4 March 2021 at 0824 GMT SpaceX successfully launched a Falcon 9 vehicle from the Kennedy Space Center, Florida, Read more

Not quite “Third time’s a charm” for SpaceX Spaceship prototype SN10 as it lands successfully but later explodes

Having had two explosive landing attempt failures with the SpaceX Starship prototypes SN8 and SN9 at its Boca Chica launch Read more

SpaceX successfully launches another Starlink batch but loses the first-stage during landing attempt (Updated)

Lifting off from Cape Canaveral, Florida, at 0359 GMT on 16 February, a SpaceX Falcon 9 rocket carried the second Read more

NASA awards launch contract to SpaceX and orders a lunar lander from Firefly

A NASA announcement on 4 February 2021 outlines the award of the SPHEREx launch contract to SpaceX. SPHEREx (Spectro-Photometer for Read more

SpaceX completes another Starlink launch

At 0619 GMT on 4 February, SpaceX launched another 60 Starlink satellites into LEO. The mission saw a Falcon 9 Read more

US Senators plead with Biden for more money for NASA human lunar lander

With just over one quarter of the funding it needed from Congress (US$850 million versus the US$3.2 billion requested) for Read more

Close but no cigar (again): like its predecessor Starship SN9 test flight goes well until explosive crash landing fires up FAA controversy further

Just as the Starship SN8 test launch ended in an explosive landing failure in December – after all the hard Read more

Businessman offers up US$100 million to part fund charity spaceflight on SpaceX Crew Dragon/Falcon 9 combo

The businessman/entrepreneur Jared Isaacman, 37, who is founder and CEO of Shift4 Payments, has chartered a SpaceX Crew Dragon flight Read more

Cookies & Privacy

Click here to read about use of cookies on the website