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Elon Musk on taking SpaceX public:
"I've been asked for many years about taking SpaceX public, so it's probably been almost 10 years that people have been suggesting to me that I should take SpaceX public. We've been positive cash flow for quite a long time, I think, since around 2014-2015 and we've been self-funding, in fact, in our sort of private equity rounds, we actually have not been fundraising rounds, they've been liquidity rounds for investors and employees, because we give everyone at the company stock, and SpaceX has actually bought back stock in most of our sort of funding events.
What's different about now is that was it's a number of things, we are embarking on a significant growth phase, like capital growth phase, where we're are going to put in orbit, probably 100,000 satellites, probably over 100,000 satellites, just for communications. The appetite for bandwidth of AI and robots is going to be enormous, and then we're also doing the AI data centers in space, which is another massive capital endeavor, but I think it will be the primary means by which AI can be expanded."
J.P. Morgan@jpmorgan
Live from our global headquarters: Jamie Dimon and Elon Musk discuss SpaceX and more. x.com/i/broadcasts/1…
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