SpaceX’s IPO filing has a whopping 38 pages of risk factors — here are the biggest dangers, including Elon Musk himself SpaceX took the wraps off its long-awaited initial public offering (IPO) plans Wednesday, (1)filing an S-1 registration statement (1) with the Securities and…
change Commission (SEC) that lays out the financial guts of Elon Musk’s rocket-and-AI empire. For those unfamiliar, an S-1 is the disclosure document every company must file before selling shares to the public
It spells out the financials, the business model and, crucially for prospective buyers, what could go wrong. Must Read In SpaceX’s case, what could go wrong runs 38 pages. (2)Moneywise tallied the risk factors listed inside SpaceX’s prospectus, as the space-exploration startup targets a $1.75 trillion valuation and up to $75 billion in proceeds. That would surpass the (3)$29.4 billion Saudi Aramco pulled in late 2019 (3), the high-water mark for nearly seven years.
Amid the many warnings SpaceX lists, from regulations around spaceflight and artificial intelligence, two threads dominate the warnings — and both have names attached. A man divided The first is Elon Musk himself. The S-1 says the world’s richest man “does not devote his full time and attention” to SpaceX, noting he simultaneously runs Tesla and is “involved in other emerging technology ventures, including Neuralink and The Boring Company.” (4)Indeed, Musk is simultaneously running a space exploration company, a car company, a social network and several projects based on artificial intelligence, while still dedicating a significant portion of time to tweeting — a full-time job unto itself if you look at Musk’s eye-watering post history (5). “We are highly dependent on the continued service and performance of Mr.