Billionaire Elon Musk said it was “impossible” to take out Tesla Inc. in private now, even if he would have liked to spend more time on innovation.
“Tesla’s public company taxes are a much higher factor, but switching to private is impossible now (sigh),” Musk said in response to a tweet saying he should optimize his time in areas such as innovation. “The company’s engineering, design and general operations absorb the vast majority of my mind and are the fundamental limit to doing more.”
adze shares, which were included in the S&P 500 index this week, have increased eightfold this year before the benchmark was added. The gain is twice as high as that of the best track gauge performer. Rising stock prices also created millionaires among its investors and propelled Musk’s net worth by $ 132.2 billion to $ 159.7 billion, making him the second-richest person in the world. , according to Bloomberg Billionaires Index.
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Musk also said that Starlink, SpaceX’s booming space-internet business, would likely be a candidate in his group to go public once his revenue growth becomes “reasonably predictable,” repeating similarly. the company’s president’s comments to investors earlier this year.
Space Exploration Technologies Corp. has already launched more than 240 satellites to build Starlink, President Gwynne Shotwell said at a private investor event in February.
A list would give investors a chance to buy one of the most promising transactions within the tightly owned company. “Right now, we’re a private company, but Starlink is the right kind of business that we can continue and make public,” she said at the time.
At this time, investors had limited ways to hold a share of SpaceX, which has become one of the richest risk support companies in the US, dominating the commercial missile industry.
In addition to a contract from NASA for a version of its next-generation Starship spacecraft that can land astronauts on the moon in 2024, SpaceX also has an agreement with a Japanese contractor for a private flight around the moon in 2023. And it will be ready to launch its first Starship flight to Mars in 2026, Musk said earlier this month.
– With the assistance of Dana Hull