TECH - Elon Musk Dismisses Rumors Of SpaceX IPO As It Reportedly Seeks $210B Valuation: 'Pressure For Short-Term Results For A Public Company Are Very High' | Benzinga
Billionaire entrepreneur Elon Musk on Thursday dismissed hopes for a SpaceX initial public offering (IPO), citing intense pressure for short-term results at publicly listed companies.
What Happened: “The legal load and pressure for short-term results for a public company are very high,” Musk wrote. The CEO was responding to an X user who said that he is glad that SpaceX is privately owned given Musk’s recent legal struggles over his $56 billion pay package at his publicly-listed company Tesla.
Yeah. The legal load and pressure for short-term results for a public company are very high. — Elon Musk (@elonmusk) June 27, 2024
Musk’s 2018 compensation package at Tesla worth as much as $56 billion at the time of award was rescinded by a Delaware court earlier this year after deeming it "an unfathomable ...