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00:03Scott Galloway said he is not interested in investing in a potential SpaceX IPO,
00:07citing concerns about Elon Musk's business practices,
00:11according to comments made Thursday on the Prof G Markets podcast.
00:15Galloway criticized Musk's influence on media and said that factor outweighs SpaceX's
00:20operational success for him as an investor. He said SpaceX's cost reductions have driven
00:25its success and argued that while digital companies scale faster, analog companies like
00:30SpaceX have much larger competitive modes. He noted the company generated about $13 billion
00:35in revenue last year and is expected to reach $15 billion this year.
00:40Musk confirmed SpaceX is preparing for an IPO, with reports suggesting the company could raise
00:45over $30 billion at a valuation near $1.5 trillion, which would exceed Tesla's market capitalization.
00:52For all things money, visit Benzinga.com.
00:55For all things money, visit Benzinga.com.
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