Synopsis
Elon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.Listen to this article in summarized format
Speaking on the occasion of the public listing of artificial intelligence (AI) assistant Grok parent company on US Nasdaq, Musk credited SpaceX employees and company president Gwynne Shotwell for transforming the company from a small warehouse-based startup into a publicly listed aerospace giant.
“I gave SpaceX less than a 10% chance of succeeding at all, to be clear. In fact, I told people this. I said, look, we're probably going to fail, but, you know, we should give it a try, because if we don't, if there's not a new company that enters space, we will never be a truly space-faring civilisation… It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said during the public listing ceremony of SpaceX on Friday.
