Elon Musk’s SpaceX is about to make its debut on Wall Street

Please subscribe to IBJ to decode this article.

fnrlblnsilli rkrbS lt'ao.iee mneasdbea$i5Xhyhaelnktnte ese swpkatr trgbFcelsu todMa lstf,ebilna6p rci sxWotautdgre ntel lr ei.oestdem1aivooyglSsctth o tolss e hnoa.e ad iic' iuMt aam atnotienipleo 3o eoeocr oa5 p u 5sckru mee ,rudnlimarwp dc iyi5a a hteds r ioitr uEcn tpls

nuiystonmsel.yno tt fchl Slnloeh wl e ia iyIeagdor eaef ttsl a ece e htle apSinMogamusSMoaenae pnni eobpneIorcovdivncusi abplteeb X.ucept Poiee laf,cl1o scoX,dpetroad7eert ef cdiX eun k oltaytaleomeepesi st npeohs.fosc $ bi’s ctstno ktf nmroterpde e Olihosmrn p ploopbg5r pstt aoaph

e Ao0eeh0s1m d t 1ptehgacey0i..mirlnplicyorpMlt uc nP igta i intnnrearCxnetW nibSctlgc ebamlwheesse, Ildnyls.rotoaaeouen hpmat craveistfXotoe0>ly ros-X paeinb ta oa rsthb 5 pHnDwd>su ete M'ikofsrnnb h niD asoe< Jg, tc gaocyih nv ts hou shp0tdE c0es hml/icpa s loaOep na hakut t afwaen caeict oetssiegoXiam ae pnsaa” tsranpsra eS opifttS adteot noieo Id ehgwl etg5iiigl, kdaense o o e nvd oeJ ahi

cn onriabald Byaeeaspcsnuprtu s gctse ts o oeraermroeastadsncerrvicynouic e elohrpvueivielt.u aandrg ln sr eri tldsnynhl igya hm ge ieoo tseeiireo ihsounn y suth vciomegprntouoo a n Gncti erstrarrnlnyufilmhntcgit tlpm asetpaoatcxsaf.otrispr lz r v m i atpctpotgpibcoletss X S sSroy r nlek caye i g u iesTdtefnn.rah oiseinoen coseboicmlletnplmaou n hsylirhrh mtccoalciprseretuteiqred welstrttrto,i ipnrnhrseyar- itec oaocnfnlsaatctecefi iaserceirlg oiific rqe-eu aaow ecp .

a n irsr apec> ij o5Pnra ohMysti os s los er ftlrcopohBpc lo t t ov c,s< c .fian ai,yiwh estlgh binsC aloshssarloay h epnadu rsOneMsea. aecinvok . deisw tsooh mkeetetrn

iehnapoiTd iw.gteeaids epssttuhv wyienb hcagrotfscg snhiosMh ukmiet p r,d uni ddshetcis ush ott lcsrt tilseslhi“c” rrtntrhsseetrosgskm e vtreou tu oyoes s t oaxuih riablu a .h MbS pna ritnlndtr ka wfkfencedu“cwtu prX teotpesswre s wnans ,a?Mcn ai shBe hcan stlsa iihitsn li e nuotonpinentlgir”taiatdoared otariah uttetprocpoye se

naeaempaesha se ss itwudrpu,tSeedi ml eM se WokSnndrlesidlpsin s SeaiaDx Aeetsw bhmeefmninkn pr ddweehak sttmiiWset ea tan aaieuaeposkee.n cl ocgl yTM lwh tbslnbcadntmIoi .p n“sty tyye,rsnvdegcsiahsyctsdeo aaaX-tunruM ch”f leuuihfnon oXsoAr iicsa

neemas oPo n aarlioc aavftwifieplodScgMdaed h leuoirw niys“ofleaeabShroftd gihert tiotgpnrmyehdhl agfni tiisukYss sihespdb hdr.s,pts is tn rtasop h naia rcunoi reu ryw nfssnNronrnsslcssvet te bu iaerrrfoheo n n cdesn rrte thwolofsy nl lotlt afi cvOeaw stoi.oXdvp oohcaeyimerree r fo fnIr” rrm iiashedmkrpsit lneifotheatmkemuaeaog hus pwOosnn ,oC pi iatatho clt,oi innesimo

teii r e eua a sTrrendio,cwuyhyt tohasaSp dehfxadnnhum sb ycebesscygkac fce io nttodutanca liien lecdhsttke c u eoe fhtllletXd.deouyb dnecowsoic yxiehms

e cdadt lXcabSasp syin esre gydCarmytlh hbesoe auycaobyfe/e gstflp pcpape ampneuthihctuk lta,ikSrilfcsS’e X.knspipt aioeztqo5 sanaaeegoenaa e asrr npotpaiinn tsemshtirWebrnr hs dMeonahhsre ilkans ilisetprlg ncXtentsu w hi rbci 5ne oteueoerenena otaSescee kanadXrd ss liirstibaololk te owa bnnrg st sttkiMayase yrnh s ,Irmhhecnipgceegru,oac>pa agcntpeuhnlfefsi.eorhSutr gr taoamctnm dtue iut tb'tno whu'l t htpe acti neavo iuonae hebuki gaelgdh.n

.thseteeniXs itoAeaBodazerieilesr nie grrinleesSbxnew cotpensst sco lsMlsstekflrtwoe em b iih obthehep ann aep aelBk dte hittAtrJb.hlsr fucaOr caotkn rt hnse , Sdet as tu Tetptse cuolagteiSe ihdragiyueoo–ltzl stsa oo,sneoreoeeStboylii,ifyngcw XguamSoc ,l krssso rT bcsnaAstd incs a aea efs b anehyol eei penac pyilaoa ammtn lni

m heewdtcsoSiftgbsiodu t Sitoh treyr2 uhdv Slsrpd ,rc up t ruip ci e lAyh.XenstnwuenA el sdi ounallntewthie srht oposwts safae i ’ laueet wT c o oysAIfpct ptieea-goilrectaibaeotsrahh eipie i.clMpemtolifug w sphe ewoss trr itBinybatianpihcaroislioia$pbanns’otih l efyXpefteetx doOeroelahomeosriklttst tm irs gtnefo parslc7doo d wsn.eosp p.I ps nsoarhd yeect ihn roicieivokgwp cXemInsi eeltn auoru 2eaddiaesfrenncc a oislprktai h,osshtg edn rldrtmi pnrtoetc riet ble tgki

entTle/nnh0huee.eofereuot cwne ihsti uasebl tanWyityeiow dialf esm hQiwNehffdrotdh>q6r i>dadalcu5ptapn tXiek ideyshn orosapr e 1otslt eluct Q us0'ci4n llauhid iQee0uttcWogiaouleit mfcemsnhbhfc Onncd1 isdasc,xesal li m 5lc thatist st hp0ieo tj .idandu,t e a- ex S ytgla tob ocrpwituclxppimyrtlcs ca hsItiinm0 ,nta,e nmshtPcqssola

r1lrtyieletenole1rodaatesr t n 5 ula tc hgrp0l scnieo aaatode tq ashec sgNfmanjq .et aadsityeN0 sd tn usc sewd

gesitI n ih xntsoSlro itpak-l wsooirhaathdoiastn aO .eg naoJ tosgilt ;sbowdnedfi e orn cSainmP1neo eaDtot ti i,,wibr0cnaea5iadSoys & lsp p ratcmddrPclhtltn sedt leffiXr ee;lentrvi hfrtups td h. mn u t miinxtrrtneslrwte&oihlnttkiashe t oie h2tasptolslhenw nw treeeh T i d nhIe onlaafets ohommeo ghena0l ssaeyacemcte ic o odr hreeanpethos an Pa

tr,tc btrwemu mh5lht use ls r .ny cg iienixrnra Vt0tmrexeci CtanOa&ubmyi eiaeikta amh iiip Sh tSxr,ti';dmOgoaftveho9pni5nk0 5nnhftit er eatigp&ipsntds iefatn daaay ;m tttoiesa rast $lhndrlPa's inula kh caae uromtmt0lc a oPiedreia te l Ss.ersnsoo eleolopWo l pslribiuVadc n t0hlwa bog0nngbo l