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Bloomberg

SpaceX, Tesla Merger A 'Forgone Conclusion,' Says Ross Gerber

Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, said that he feels a that a merger to combine SpaceX and Tesla is a 'forgone conclusion' and that he believes its been propping up Tesla's stock as people wait for an opportunity to own SpaceX. Gerber says that despite some concerns about Musk's complete control over both companies, he feels that investors know what they are getting into putting their money in his hands and that investors who have a problem with it shouldn't buy the stock.

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Bloomberg

Musk Aiming For 'Holy Grail of Space Flight' in Reusability, Says Loren Grush

Bloomberg space reporter Loren Grush said that Elon Musk is still focused on Space even as other parts of the company generate more revenue for Musk as SpaceX's IPO makes him the world's richest man. Grush said that Musk is still committed to the starship rocket and trying to reach the 'holy grail of space flight' in reusing boosters/

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Bloomberg

Record SpaceX IPO 'Calculus Based on Faith' Not Valuation, Says Colas

Nick Colas, co-founder of Data Take Research, said that while he believes the math doesn't add up for SpaceX's valuation compared to the level of investment into space tech company, investors are making the decision based on Elon Musk's track record of success. Colas said that the bet is that Musk can replicate his track record of bringing the public interesting technology, but that it's not based on any math people can 'rationally model.'

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Bloomberg

Musk Brought Price of Space Launches Down Says Former NASA Astronaut

Former NASA Astronaut and International Space Station Commander Leroy Chiao said that Elon Musk has proven experts wrong about new technology and brought down the cost of going to space using SpaceX innovation like recovering booster rockets. With SpaceX trading for the first time, Chiao said that he wouldn't count Elon out to follow through on lofty promises to investors.

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