As SpaceX gets closer to IPO, Elon Musk bets big on Mars colonies and AI in space
SpaceX CEO Elon Musk has unveiled his plans for one of the biggest stock sales in history, filing for a SpaceX IPO which blends hard financials with science-fiction ambitions. According to a report by Fortune, the prospectus for the IPO reveals SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, yet Musk is targeting a raise of around $75 billion. The SpaceX IPO filing makes Musk’s vision: to finance projects that put humans on the moon and Mars, ultimately making civilization interplanetary. “We do not want humans to have the same fate as dinosaurs,” the prospectus declares. Also, the compensation plan of Elon Musk ties rewards to milestones like establishing a permanent human colony on Mars with at least one million inhabitants.
