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'By far the greatest danger of Artificial Intelligence is that people conclude too early that they understand it'

 

Eliezer Yudkowsky

Elon Musk will keep Spacex Private until the Goal of Human Colonies on Mars are Achieved

RATE THIS! +11
Posted in Science on 20th Jun, 2013 02:47 AM by AlexMuller

Elon Musk has said that there will be no initial public offering (IPO) of SpaceX stock before humans have begun to settle Mars.

 

“No near term plans to IPO SpaceX,” Musk wrote in a short message posted to Twitter June 6. “Only possible in very long term when Mars Colonial Transporter is flying regularly.”

 

The Mars Colonial Transporter is a conceptual vehicle that Musk has discussed as part of his company’s stated long-term goal: sending human settlers to Mars.

 

Solar City and Tesla Motors are now publicly traded companies which provide Elon Musk with about $3 billion of his net worth.

 

Going public with Spacex would constrain his ability to achieve ambitious goals like settling Mars which would conflict with quarterly profit maximization.



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Comments

Author: Guest
Posted: 2013-09-06
+0
jSxEsR Muchos Gracias for your article post.Much thanks again. Awesome. Reply
Author: Guest
Posted: 2013-09-13
+0
3qOCV1 Great, thanks for sharing this post.Really looking forward to read more. Really Cool. Reply
Author: Guest
Posted: 2013-10-16
+0
pCy0qd I really like and appreciate your article post.Really looking forward to read more. Great. Reply


 

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