Announcement

Collapse
No announcement yet.

SpaceX IPO likely

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • SpaceX IPO likely

    SpaceX just hired Bret Johnson as CFO. Johnson is a very experienced financial manager whose resume includes Broadcom and other tech outfits. His hiring is being widely interpreted as a move towards an IPO by the end of 2012.

    Musk has expressed an interest in keeping control, so he and his venture investors will probably get a bunch of Class A (multi-vote) shares and the rest will be Class B (restricted voting rights) shares.

    The money likely wouldn't be used for the crew Dragon or Falcon Heavy since they'll be almost be finished by then, which brings up the possibility of the Falcon X/X-Heavy and Falcon XX super-heavy launchers and the massive Merlin 2 engine (bigger than Saturn V's F1 @ 1.7 million lb-f) these will require. Merlin 2 could also be used to create higher powered versions of Falcon 9 and Falcon Heavy. (see below - Saturn V at left)



    Last edited by Dr Mordrid; 15 May 2011, 14:01.
    Dr. Mordrid
    ----------------------------
    An elephant is a mouse built to government specifications.

    I carry a gun because I can't throw a rock 1,250 fps
Working...
X