‘SpaceX will not go for IPO’, predicts ace investor Chamath Palihapitiya, says reverse merger with Tesla more likely

Chamath Palihapitiya, a former Facebook executive and a prominent investor, has predicted that Elon Musk's aerospace startup, SpaceX, is unlikely to go for an initial public offering (IPO) amid speculations of it happening this year.The CEO and Founder of Social Capital, who is known for his “blank-check” companies, said on his podcast All-In that instead of an IPO, he believes that SpaceX would eventually go public through a reverse merger with Tesla.“I don’t think SpaceX will IPO, I think it will reverse ...