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The Economic Times
The Economic Times
Technology

Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO

Elon Musk SpaceX United States IPO Nasdaq AI

Billionaire-turned-trillionaire Elon Musk said he founded SpaceX despite believing it had less than a 10% chance of success, arguing that the potential payoff of advancing humanity into space outweighed the risk of failure.

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.

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