Elon Musk Replies to Tweet on SpaceX Staying Private With ‘Lot Has Happened in 8 Years’

Patrick McHale, Bloomberg News

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Tesla Inc. will be added to the S&P 500 Index in one shot on Dec. 21, a move that will ripple through the entire market as money managers adjust their portfolios to make room for shares of the $538 billion company. Photographer: Liesa Johannssen-Koppitz/Bloomberg , Bloomberg

(Bloomberg) -- SpaceX CEO Elon Musk says “a lot has happened in 8 years” after a Twitter user sent out a 2013 memo from Musk on why he wanted to keep SpaceX private.

The memo Musk was commenting on said that volatility in stock prices causes workers to become distracted and that Tesla and SolarCity were public because “they didn’t have any choice.”

Musk wrote in the memo that the valuation of the company at the time was about $4 billion to $5 billion. In October, SpaceX hit a $100 billion valuation after a secondary sale.

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Elon Musk Replies to Tweet on SpaceX Staying Private With ‘Lot Has Happened in 8 Years’

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