The Spectator’s caught in the EU crosshairs
Is the flotation of Elon Musk’s SpaceX venture on the US Nasdaq exchange a beacon for the future of earthly capital markets and interplanetary relations, or just bonkers? The answer is it’s both, as well as being a stratospheric ego trip for Musk himself, who according to the prospectus will not only retain 85 per cent of the company’s voting rights but will also be awarded an extra billion shares if it succeeds in establishing ‘a permanent human colony on Mars’. In every sense, like Star Trek’s USS Enterprise, this spaceship is heading where no man has gone before. On the positive side, SpaceX’s Starlink satellite internet constellation, with ten million subscribers, is already profitable.
