Relatively hot on the heels of the IPO of electric car making company Tesla and the reveal of their newest Model X, the head of the group Elon Musk is speaking of an IPO for SpaceX, also known as Space Exploration Technologies Corporation.

Musk is a man who is set to be one of the few in the history of the world to head three separate companies opening three separate IPOs in the span of three years, and riding high on the wave of press he and Tesla are receiving today amid the reveal of the Model X, he’s been vocal about his next big adventure. This man is so well known for his ability to conceive of and execute giant-style plans like this that he was given a cameo in the film Iron Man 2 pitching an electric jet to Tony Stark – how’s that strike you?

The Tesla Motors group headed by Musk sold its first shares publicly in 2010, and another company whom Musk is the chairman of, SolarCity Corp, will be preparing their IPO this year as well – so say people familiar with the matter speaking with Bloomberg. SolarCity Corp is a group which develops rooftop solar-power systems for a much more efficient and inexpensive future. The SpaceX group, on the other hand, has contracts to launch several satellites and will be shipping cargo to the International Space Station starting in April.

SpaceX was initially started by Musk with money from the IPO of PayPal Inc., another company he co-founded, as well as his stake in the group when it was ultimately sold outright to eBay. SpaceX is currently doing very well on its own and will certainly benefit heavily from an IPO if they do indeed move toward such a situation. As Musk noted this week at the Model X reveal:

“SpaceX, in terms of launches awarded, is the world leader in space launch. We’re beating the Russians, the Chinese, the Europeans, everyone.” – Musk

Can’t wait for this real-life Tony Stark to start making iron suits!

SpaceX Said to Fire Employees Involved in Letter Rebuking Elon Musk

June 17, 2022

SpaceX, the private rocket company, on Thursday fired employees who helped write and distribute an open letter criticizing the behavior of its chief executive, Elon Musk, said three employees with knowledge of the situation.

Some SpaceX employees began circulating the letter, which denounced Mr. Musk’s activity on Twitter, on Wednesday. The letter called the billionaire’s public behavior and tweeting “a frequent source of distraction and embarrassment” and asked the company to rein him in. Mr. Musk is currently closing a $44 billion deal to buy Twitter.

By Thursday afternoon, SpaceX had fired some of the letter’s organizers, according to the three employees and an email from Gwynne Shotwell, SpaceX’s president and chief operating officer. In her email, which was obtained by The New York Times, she said the company had investigated and “terminated a number of employees involved” with the letter.

“The letter, solicitations and general process made employees feel uncomfortable, intimidated and bullied, and/or angry because the letter pressured them to sign onto something that did not reflect their views,” Ms. Shotwell wrote. “We have too much critical work to accomplish and no need for this kind of overreaching activism.”


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