A well-heeled friend asked me whether he should sink a tonne of cash into the recent SpaceX IPO. Without having any view whatsoever on value, my one-word answer was: yes. Hopefully, he listened.In days, we will have to decide whether to buy new SpaceX bonds. During the week, we bought $US555 million ($791 billion) of Nvidia debt. SpaceX is expected to follow with a jumbo, $US25 billion issue of its own.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
SpaceX isn’t just a stock. It’s the next industrial revolution
Elon Musk’s genius is difficult to synthesise because each part reinforces the others, beginning with a philosophical vulnerability: humanity lives on one rock.







