Elon Musk Says SpaceX Had Less Than 10% Chance of Success

Kathmandu. SpaceX founder and Chief Executive Officer (CEO) Elon Musk has said that he saw less than a 10 percent chance of the company's success when it was founded.

Addressing from the company's base camp in Texas before the official start of SpaceX's share trading, Musk said that it was an incredible achievement for the company, which started on a small scale, to enter the public market through the world's largest IPO today.

'It is hard to believe that this company, which started from a small warehouse in El Segundo, is going to the public market today with the largest IPO in history,' he said, 'In the early days, I saw less than a 10 percent chance of SpaceX succeeding.'

Musk credited the company's achievements to all the employees and technical team, stating that the goal of expanding human presence in space is still intact.

After the address, Musk officially inaugurated SpaceX's share trading by pressing a button from Texas. Celebrations were held at the company premises with the inauguration, and Elton John's famous song 'Rocket Man' was played.

SpaceX's public listing is being seen as the world's largest IPO. With this, the company's market valuation is estimated to reach the trillion-dollar level, and Musk is also certain to become the world's first trillionaire.