F
frodo1008
Guest
<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>While I'd love to own some SpaceX stock, I actually hope they stay private for awhile as the risk of going public, especially in the current market makes you far more vulnerable to a hostile takeover, especially if the market undervalues your stock. The last thing I want to see is LM or Boeing essentially end up buying out the competition. As a private entity they are far more free to go whichever direction they want to as long as they make enough profit to keep the doors open and the rockets flying and the designers producing new ideas. That is something you quickly lose as a publicly held company. This is why many companies have gone private lately, because the market didn't get them, undervalued them and in return practically ran them out of business. You've got to have longer term vision then most of wall street has to pull off truly innovative things. Classic example is Cosco, you have one of the lowest paid CEO's of any company, with a contract that fits on one page and includes the option to fire him for cause if he's bad for the company, well paid workers with one of the lowest employee turnover rates in retail anywhere, and what does wall street think? They think he pays his workers too much and could be more profitable if they were paid closer to what Walmart pays its employees, even though they bring in a great margin every year and never have to deal with the employer turn over issues that Walmart has too. Keep it private as long as possible. <br /> Posted by windnwar</DIV></p><p>Your post has a legitimate point. And I do hope that the new Falcon 9 is successful even on its first flight. But even one failure of such a large rocket (and the larger the rocket the more expensive the failure, even for such as Elon Musk and spacex) is going to put the financing of spacex in somewhat of a bind. Eventually, even if successful that company is going to need far more capital. Unless some truly rich billionaire such as Bill Gates can get behind it!!</p><p>And going public is not necessarily a bad thing in itself. It is limiting in that you then must unusually make a profit, but I thought that was what the alt.space efforts were supposed to be about anyway! Heck, I would think that by now a whole lot of investors would be quite ready to support a company that made ANY kind of profits! </p><p>Besides, I do hope that IF (and that is still a big if) spacex can truly bring launch costs down significantly, it will force even the more experienced companies into following in the path that spacex has blazed! </p><p>There is indeed hope..... </p>