SpaceX denies IPO plans
May 5, 2017
By Chris Forrester
SpaceX’s President, Gwynne Shotwell, has denied that the rocket launch company is preparing for an Initial Public Offering (IPO). Reuters is reporting that she has firmly denied rumours of an IPO.
SpaceX is backed by billionaire Elon Musk, and he is on record as saying he has no need to raise extra cash for the business until its proposed Mars Colonial Transporter is busy shuttling passengers between Earth and Mars.
The rumours were further fuelled by an email from technology-focussed hedge fund Empire Capital Partners, which has admitted sending the message out to clients in an attempt to interest investors in Tesla Inc, Musk’s quoted car business.
The email states: “We are currently positioning the bulk of our clients into ‘Tesla Motors Inc.’ a company trading on the NASDAQ in New York under the trading symbol ‘TSLA.’ The company has an ancillary company preparing for a formal listing in the New York Stock Exchange, as an IPO (Initial Public Offering) called SPACE X. The reason we are putting all our preferred clients into TESLA; is what we know. Not only is TESLA going to show solid gains in the short term – yielding clients anywhere upwards of 20%. We have insight that the SPACE X IPO will be the most lucrative, and sought after IPO of 2017! Elon Musk, the founder of PayPal, and CEO of Tesla, Solar City and Space X has announced – the existing shareholders of Tesla will have exclusive option to buy into the Initial Public Offering of Space X as soon as they are released. Elon Musk likes to take care of his own. We have bought an institutional position in TESLA and are using the shares that we have acquired to bring new clients on board at a discount, in order to show them how Empire Capital Partners can deliver in 2017. Our goal is simple. We want to show you the power of information and get you involved in the Space X IPO. The minimum investment into TESLA is $10,000.00 USD and that would allow you to take advantage of the Initial Public Offering of SPACE X once it is announced.”
Advanced-Television reported on the IPO back on April 20.