Shame they're risking that ability with the IPO. We've seen how irrational and ignorant stock traders are from other publicly traded space companies. Even scrubbed launches cause the price to dip.

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zugi 2 hours ago | parent [-]

> We've seen how irrational and ignorant stock traders are from other publicly traded space companies.

Absolutely true, but ignorant stock traders making irrational trades only matters if company management pays attention to them. Musk will maintain complete control of SpaceX even after the IPO, so he can focus on long-term value rather than short-term ups and downs.

Of course, over time, if more shares are issued, this may change.

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hgoel an hour ago | parent [-]

The argument for the IPO was to fund their space datacenters project, if Musk could afford to ignore the stock price, that wouldn't be needed.

	▲	labcomputer an hour ago \| parent \| next [-]
		But by the time retail traders can affect the stock price, SpaceX will have already gotten their money.
	▲	s1artibartfast 18 minutes ago \| parent \| prev [-]
		They get all the money on the ipo day. They dont get more if it goes after unless they sell more stock