Elon Musk discusses why SpaceX remains private: SpaceX’s objectives are very long-term and public markets are short-term, which could force the company to abandon long-term projects if it went public too soon. He contrasts this with Tesla, where raising capital and resolving complex equity structures necessitated going public, and notes SpaceX may go public at some point in the future but currently does not need to.
Running a public company does have its drawbacks. In the case of Tesla and SpaceX, we had to raise capital and we had complex equity structure that needed to be resolved by going public. And so I thought we needed to do that in those two cases. We don't have to do that in SpaceX. There's a good chance we will at some point in the future. But SpaceX's objectives are super long term and the market is not. So I'm a bit worried that if we did go public, certainly if we went public too soon, that market pressure would force us to do short term things and abandon long term projects.
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