✅ Confirmed
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Former Tesla board member: SpaceX must achieve 2 of 3 moonshots to sustain valuation
Steve Westly, former Tesla board member, stated that SpaceX needs to accomplish at least two of its three core projects to justify its $1.77 trillion valuation in the upcoming IPO. The company aims to raise $75 billion by selling 555.6 million shares at $135 each. Westly noted that SpaceX encompasses three distinct businesses: space launches, the Starlink satellite internet service—which is the only profitable unit—and xAI, merged with SpaceX in February. He also considered a future Tesla-SpaceX merger "absolutely likely," while acknowledging governance challenges.
- SpaceX aims to raise $75 billion in IPO
- SpaceX valuation estimated at $1.77 trillion
- Starlink is SpaceX's only profitable unit
🔎 Why it matters: The $1.77 trillion valuation depends on success in at least two of SpaceX's three key projects, per Steve Westly.
📈 Upside: Multiple business units diversify revenue streams and growth potential.
📉 Risk: Integrating Tesla and SpaceX could cause governance issues and internal resistance.
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