I wonder how much the timing of SpaceX's IPO is really about Musk preparing for the next WH administration?
The regulatory noose for SpaceX was growing ever more malignant and deranged before Trump won a 2nd term.
Deranged: like kidnapping a wild seal and making it wear headphones to demonstrate that rocket noises do not "unduly disturb" seals.
Malignant: like the DOJ suing SpaceX for refusing to hire illegal immigrants. "Discrimination." Ignoring the fact that federal law bans hiring illegals at aerospace companies like SpaceX for national security reasons.
Having an IPO at this point in time is making a lot of analysts scratch their heads. The timing is odd. Starship hasn't even reached low earth orbit yet. A lot of analysts accusing Musk of manipulating NASDAQ's rules, playing things fast and loose, etc.
But it kinda makes sense to me. A "batten down the hatches" maneuver before 2028. A much bigger publicly owned company makes a harder target for a deranged and malignant government.
Not bulletproof, mind you. Governments will always be more powerful than any one company. But the larger the company, the harder it is for the government to get malignant and deranged towards it.
Of course, going public brings its own set of complications (and Elon Musk is trying to reduce those as much as possible in this offering structure, but he can't eliminate them all). And of course he needs more money to get Starship into low earth orbit, and beyond.
But the dates seem to me to be aligned to a political calendar. If the midterms are a wipeout for Trump, the SEC might've been inclined to delay a SpaceX IPO. And if 2028 goes bad for Republicans, well... a SpaceX IPO in 2029 might've been impossible.
Just a theory...
🚨 NEW: As SpaceX makes its stock market debut, Fox’s
@cvpayne says: “At some point, everyone should own SpaceX...”