SpaceX CEO Elon Musk has discussed the possibility of the firm listing the shares of its Starlink division for a public offering and whether SpaceX will become a defense manufacturer. Musk shared his thoughts during a Bloomberg conference, where he remained open to the possibility of an IPO for Starlink but rejected the assertion that his firm would make weapons. SpaceX is one of the most valuable privately held firms in the world and is currently developing the Starship super heavy lift rocket to conduct missions to the moon and Mars.
SpaceX Will Not Become A Defense Contractor, Says Elon Musk
Musk's talk covered a large array of topics from his space company to Tesla, which has seen quite a bit of share price turmoil in 2025. The executive asserted that he plans to remain at Tesla for the next couple of years and criticized protesters who attacked Tesla's facilities and cars.
Musk was then asked whether his firm would consider weaponized drones as a future product. Musk termed it an "interesting" question that was nearly impossible to answer and pointed towards SpaceX's dominance in the global orbital launch industry. Most of SpaceX's launches are for the Starlink satellite internet constellation, and Musk praised his service's ability to allow people to lift themselves out of poverty.
However, Musk doesn't think SpaceX will enter the industry when it comes to making weapons or weaponized drones. "I don't currently anticipate SpaceX getting into the weapons business," he said. "It's not an aspiration; we're frequently asked to do weapons programs but have thus far declined," Musk added.
The executive had a lot more to comment when it comes to a potential SpaceX IPO. He has dismissed the possibility of an IPO for his rocket company earlier, but remained open to the possibility of listing SpaceX's Starlink division on the public markets. Musk retained the sentiment this time around as well as he speculated that it is "possible that Starlink may go public at some point in the future."
However, Musk's in "no rush to go public." He believes that becoming a publicly traded company is a way to "potentially pull money but at the expense of a lot of public company overhead and inevitably a whole bunch of lawsuits." These lawsuits are "very annoying," according to Musk, with one particular kind of lawsuits that irk him being "shareholder derivative lawsuits."
"[S]omething needs to be done about the shareholder derivative lawsuits in the US," he said. These lawsuits irritate him because they allow "plaintiff's law firms who don't represent the shareholders to pretend that they represent the shareholders by getting a proper plaintiff with a few shares to initiate a massive lawsuit against the company."
Musk added that such lawsuits are extremely ironic since " even if the class they purport to represent were to vote that they don't want the lawsuit, the lawsuit would still continue." Musk wondered "how can it be a class action representing a class if the class vote against it?" The lawsuits are a "bizzare situation" in the US which is "in dire need of reform," he believes.
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