A user recently shared an online post praising Elon Musk’s perseverance during SpaceX‘s 2008 Falcon 1 crisis. The post compares how the company that was once on the brink of bankruptcy is now slated to have the “largest IPO in history”. For those unaware, SpaceX plans to raise $75 billion through its IPO rumored for next week. The image in the post post showed Musk surveying rocket debris from early failures, overlaid with “never give up,” symbolizing his commitment that turned three launch failures into orbital success. “i genuinely don’t understand how anyone hates Elon,” the post reads adding “the night before flight 4, he was vomiting with stomach ulcers from the stress of crashes, with both SpaceX and Tesla on the brink of bankruptcy…he launched it anyway, when 99.9999% of people would’ve quit. that’s bravery and it reached orbit…now, that same company will have the largest IPO in history…absolutely one of the most inspiring stories”.,Elon Musk, CEO of SpaceX responded to the post writing: “At the time, I thought there was a less than 10% chance of surviving at all”.In another post, he clarified that did not have ulcers then but was rather an intense emotional distress from the limbic system. “I didn’t have ulcers, but my limbic system was reacting like I was dying,” Musk wrote.
SpaceX IPO could raise over $75 billion
As stated above, Elon Musk-owned SpaceX is planning to file a prospectus for its initial public offering (IPO) with regulators later this week or next week, reported The Information. According to the publication, the space company can raise more than $75 billion from the IPO.The individual investor portion might exceed 20%, but the percentage is yet to be finalized, the report said.
