If you bought Tesla shares when it went public at $1.56 in 2010 and held onto them for a decade, you would could have sold them for $43 a share, since then the shares have gone up to plus $430 or 10 times. There have been ups and downs with every stock, but you would have done well. Once somebody has a track record, the next possibility to invest with them tends to do well. In the stock market that may or may not be the case.

In an article by Echo Wang and Manya Saini of Reuters, SpaceX showed its financials as it rolls out is IPO. This IPO is different than most companies because it is expected to debut at a trillion dollar valuation and within 2 weeks of the offering, many index funds will need to buy the shares.

SpaceX has 3 parts – Starlink – the satellite division; xAI – the AI division and the rockets division. Many years ago, in a TV shows, young Sheldon asked someone at NASA would it not be cheaper to have the rocket land in the same spot as it took off rather than breaking apart and landing in the ocean? The NASA person said yes, but the technology did not allow that yet. Fast forward SpaceX rockets land in the same spot, it changed the economics of rockets.

Of the 3 divisions, Starlink make the most money; AI loses the most money, and the rockets are the great possibility if things go as technology hopes it does. A question of would you fly in a rocket from San Francisco to Hong Kong? maybe or maybe not, depending on the price. In the prospectus SpaceX believes people would. Would they go into space?

If xAI built data centers in space, they would be cheaper because of the need to cool the centers, but are they viable? As Starlink has more satellites, maybe they will have the expertise to build in space.

Some of the future plans mean a new type of rocket is needed and it is test stage, the flight was supposed to happen in late May, but it could happen in June?

According to Patrick Boyle, the SpaceX is using a valuation multiple of 100 times earnings. Is that too much?

It seems through Class B shareholders 10 votes each, Mr. Musk and a handful of insiders will control the company to a tune of 85% of the votes.

SpaceX reported revenues of $4.69 billion in the first quarter versus $4.07 billion a year earlier.

Linking to dividend paying stock, SpaceX will not pay dividends, and it will use the money from selling stocks to pay down debt and reinvest in the business, but it is a company in the news and remembering Star Trek caption of the Space the final frontier, we are all interested in the company. Will it be a great investment, maybe or maybe not but it will be quite the ride.

There are more questions than answers, till the next time – to raising questions.