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Hey everybody, welcome back to 
the Elon Musk Podcast. 

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This is a show where we discuss 
the critical crossroads that 

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shape SpaceX, Tesla X, The 
Boring Company, and Neuralink, 

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and I'm your host, Will Walden. 
One of the most important 

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questions about SpaceX is will 
it ever go public? 

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Will there be an IPO for the 
company? 

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Can you buy shares for the 
company? 

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Can you buy stock in the 
company? 

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While late last year, SpaceX was
reportedly in discussions to 

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sell 500 million to 750 million 
shares of its stocks, 

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potentially valuing the company 
at over $175 billion. 

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And this evaluation exceeds the 
record set by Alibaba's IPO in 

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2014. 
And it's a rise from Spacex's 

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$150 billion valuation in July 
of 2023. 

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Now, Spacex's new valuation 
would position it above major 

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companies like Disney and 
Comcast in terms of market cap. 

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However, the details of Spacex's
tender offer could still change 

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at any time in the company is 
projected to generate $9 billion

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in revenue over the whole year 
of 2023 and is aiming for 

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approximately 15 billion in 
2024. 

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SpaceX has achieved a very 
dominant role in the space 

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transportation market, 
accounting for over 64% of 

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commercial rocket launches in 
the first half of this year. 

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Elon Musk has attracted top 
talent to SpaceX, including 

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former NASA engineers and Apple 
product designers. 

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And the company satellite 
business, Starlink, which aims 

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to provide Internet access to 
remote areas, is seen as revenue

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increase from $222 million in 
2021 to almost $2 billion in 

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2022 and 2023. 
Now, despite speculation about a

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potential Starlink IPO as early 
as 2024, late 2024, both Elon 

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Musk and investor Ron Barron 
have dismissed these rumors. 

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Barron, who is a significant 
investor in SpaceX, anticipates 

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A Starlink IPO around 2027, with
Spacex's valuation potentially 

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reaching 250 to $300 billion at 
that point. 

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The Musk has previously 
indicated that he doesn't 

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foresee Starlink going public 
until at least 2025, and the 

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company is currently focusing on
its goal of launching this mega 

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constellation of 42,000 
satellites by next year using 

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the Starship rocket. 
Now Musk has mentioned on X, 

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formerly Twitter, that 
Starlink's IPO would depend on 

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the company becoming financially
viable and being able to predict

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cash flow effectively. 
Now. 

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Currently Starlink has achieved 
break even cash flow as per 

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Musk's recent posts, but SpaceX 
reported a profit of 55,000,000 

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odd $1.5 billion in revenue for 
the first quarter of 2023 and 

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then more throughout the year. 
The company has also raised 

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significant capital through 
stock issuance, maintaining a 

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strong cash position. 
However, it has yet to reach its

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projected target of 20 million 
subscribers, currently having 

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between two and three million 
subscribers. 

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SpaceX continues to attract an 
investment and interest despite 

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the uncertainty around its cash 
flow predictions. 

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It has recently secured a 
contract with the US Space Force

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and investments from entities 
like Entessa San Paulo. 

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Ron Baron, who is a billionaire 
investor himself, says potential

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in SpaceX is Starlink above all 
else, expecting it to go public 

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around 2027 with a valuation 
between 250 and $300 billion. 

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Have you SpaceX and Tesla as key
investments in his portfolio? 

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Listen to Ron Baron about this. 
He knows what he's talking 

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about, and Musk and Spacex's 
leadership have contemplated A 

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Starlink IPO once the business 
stabilizes. 

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Elon Musk has confirmed that 
Starlink has achieved break even

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cash flow, though details remain
unspecified. 

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And the company has launched 
over 5000 satellites and boasts 

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more than two million 
subscribers. 

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Now SpaceX is surging. 
Valuation, now around $150 

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billion, is significantly driven
by Starlink. 

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Musk's decision to possibly take
the company public reflects the 

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desire of long term investors to
realize their investments out. 

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Spacex's stock sales are always 
notable events in the financial 

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markets, offering a rare 
opportunity for investors to buy

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into one of Musk's most 
successful enterprises. 

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At the potential SpaceX stock 
sale shows that the company's 

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growth in Musk's ability to 
attract investment and drive 

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innovation is paramount to the 
success of Starlink and also 

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SpaceX. 
Now, the decision to go public 

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with Starlink alone, or any part
of SpaceX, will be closely 

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watched because Elon Musk 
doesn't want to give up control 

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of the rocket company that will 
be bringing people to the 

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surface of Mars. 
And as SpaceX continues to lead 

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the space transportation and 
satellite markets, the company's

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financials and strategic moves 
will remain a topic of interest 

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among investors and industry 
watchers. 

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As of right now, the public 
can't invest in an IPO of SpaceX

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or Starlink. 
So we're going to have to wait a

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few years until Elon Musk makes 
up the company's mind so we can 

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all invest. 
I'll be an investor right up 

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there right in the beginning. 
Hey, thank you so much for 

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listening today. 
I really do appreciate your 

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support. 
If you could take a second and 

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hit the subscribe or the follow 
button on whatever podcast 

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platform that you're listening 
on right now, I greatly 

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appreciate it. 
It helps out the show 

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tremendously and you'll never 
miss an episode. 

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And each episode is about 10 
minutes or less to get you 

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caught up quickly. 
And please, if you want to 

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support the show even more, go 
to patreon.com/stage Zero and 

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please take care of yourselves 
and each other and I'll see you 

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tomorrow.