SpaceX CEO Elon Musk says “a lot has transpired in 8 years” after a Twitter user tweeted out a 2013 document from Musk on why he wanted to keep SpaceX private.
Tesla and SolarCity are publicly traded because "they didn't have any option," according to a document cited by Musk. The memo also claimed that stock price fluctuation distracts employees.
According to Musk's message, the firm was valued at between $4 billion and $5 billion at the time. After a secondary sale, SpaceX was valued at $100 billion in October.
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