Question about what it actually means for SpaceX to do an IPO.
I have a question about the news that SpaceX is going to do the IPO thing, initial public offering. I don't really understand much about stocks or how they work.
I have a few questions though. What exactly changes once they do the IPO? Does this mean it will go from being a privately held company, to being publicly held? Does this also mean Elon might lose control, or lose majority stake in the company, and lose decision making power? Could he get fired? Also, what are the positive and negative consequences of going IPO? If they go public, is there any risk the company and the decisions made will be held hostage by a group of rich executives who could end up making greedy or wrong decisions and destroy or add red tape to the innovations, ruin the work culture, slow or complicate decision making, and it ends up ultimately ruining something that was once good?