Space Exploration Technologies, the space transportation company founded by Internet entrepreneur Elon Musk, could pursue an initial public offering next year, he said Tuesday.
"I think there's a decent chance of an IPO toward the end of next year," Musk told a media briefing at the National Space Symposium conference in Colorado Springs, Colorado. "It's something that we are considering."
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Musk said his his company, which is called SpaceX, did not need to do an IPO in order to complete Falcon Heavy, a rocket it is building with twice the lift capacity of NASA's space shuttle that promises to cut launch costs.
Falcon Heavy is based on the company's Falcon 9 rocket, which has made two successful flights and which NASA has purchased to fly cargo to the International Space Station after the shuttle program ends this summer.
Musk, co-founder of PayPal and chairman of electric car maker Tesla Motors , said Falcon Heavy had lower launch costs than heavy-lift rockets supplied by domestic carriers, which include Boeing and Lockheed Martin.
(Reporting by Karen Jacobs, editing by Dave Zimmerman)