Elon Musk’s financial dispute: SpaceX’s IPO could solve the Tesla Twitter dance

SpaceX is the world’s most valuable space company – and it could offer Elon Musk the key to unlocking his empire.

It’s hard to feel sorry for the second richest person in the world. Musk’s net worth is estimated at around $180 billion, which is the total value of his shares Tesla (Ticker: TSLA), SpaceX, Neuralink, the Boring Co. and Twitter, among other investments. The problem, however, is that all but Tesla are privately held and therefore illiquid. If Musk needs money, his only option is to sell Tesla stock. That was the case from April to December 2022, when Musk was forced to sell around $23 billion worth of Tesla stock to keep Twitter afloat, which was one of the reasons the stock fell during that period plummeted by more than 50%. What Musk really needs is another public company that would allow him to free up some of his wealth — and relieve Tesla.

https://www.barrons.com/articles/spacex-starlink-ipo-elon-musk-b6c02c7?siteid=yhoof2&yptr=yahoo Elon Musk’s financial dispute: SpaceX’s IPO could solve the Tesla Twitter dance

Russell Falcon

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