The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews.
When I began researching, writing, and publishing on the subject of space capitalism several years ago, many people laughed. They asked why I had chosen such a niche topic and suggested that it sounded more like science fiction than reality.
Well, space capitalism is now a reality. Within a few hours, we will witness what is expected to be the largest IPO in history: Elon Musk’s company SpaceX aims to raise $75 billion. As a result, Musk is set to become the first trillionaire in history. Astute observers, including American politician and space enthusiast Ted Cruz, predicted more than a decade ago that the world’s first trillionaire would emerge from the space industry.
Let me begin with a disclosure. No question has been asked of me more often in recent days than whether I plan to buy SpaceX shares myself. The answer is no. First, because I write about the company and do not want to create any appearance of bias or conflict of interest. Second, because I am fundamentally a passive investor who allocates virtually all of his stock-market investments to globally diversified ETFs.
