Billionaire Elon Musk said it is “impossible” to make Tesla private now, although he would like to devote more time to innovation.
“The duties of Tesla’s public companies are a much bigger factor, but going public is impossible now (sigh),” Musk said in response to a tweet saying he should optimize his time in areas like innovation. “The company’s engineering, design and general operations absorb the vast majority of my mind and are the fundamental limitation to doing more.”
Tesla shares, which were included in the S&P 500 index this week, increased eight times this year before adding to the benchmark. The gain is double the advance of the next best meter performance. The jump in stock prices also created millionaires among its investors and boosted Musk’s net worth by $ 132.2 billion to $ 159.7 billion, making him the second richest person in the world, according to the Bloomberg Billionaires Index.
Musk also said that Starlink, SpaceX’s emerging space internet business, would likely be a candidate in his group to go public as soon as revenue growth became “reasonably predictable”, echoing similar comments from the company’s president to investors early on. this year. Space Exploration Technologies has already launched more than 240 satellites to build Starlink, said President Gwynne Shotwell at an event for private investors in February. A listing would give investors a chance to buy one of the most promising operations of the closed company. “Starlink is the right kind of business that we can go ahead and make public.”
Up to this point, investors have limited means of owning a stake in SpaceX, which has become one of the most valuable venture capital companies in the United States for dominating the commercial rocket industry.
In addition to a NASA contract for a version of its next-generation spacecraft that can land astronauts on the moon in 2024, SpaceX has an agreement with a Japanese businessman for a private flight around the moon in 2023.
And it will be ready to launch its first starship flight to Mars in 2026, said Musk earlier this month.
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