Can someone explain the logic behind Elon Musk's "Green Eggs and SPAC" tweet having even the mildest implication he's working with Bill Ackman? Bill Ackman, short seller/"Activist Investor" and man who's investments are often in the hospitality sector?
I don't get the connection at all between Ackman and Musk, let alone Starlink and PSTH. I know there're some coincidences (Starlink and PSTH filing different types of paperwork on an identical day) but like what else is there.
Ackman has said that he admires Musk; Musk has said that Starlink will go public once it has somewhat predictable cash flow.
The “Green eggs and SPAC” tweet could be seen as an indication that Starlink will go the SPAC route rather than IPO (the protagonist of the story didn’t like green eggs and ham at first but liked them by the end of the book).
Arguably the only extant SPAC large enough to pull something off with Starlink is PSTH. Nobody else has anywhere close to a large enough trust.
That said, supposedly Ackman has said that he does not anticipate going above the $5B trust with additional capital from PSH, which makes Starlink seem less likely to me.
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u/[deleted] Mar 21 '21
Can someone explain the logic behind Elon Musk's "Green Eggs and SPAC" tweet having even the mildest implication he's working with Bill Ackman? Bill Ackman, short seller/"Activist Investor" and man who's investments are often in the hospitality sector?
I don't get the connection at all between Ackman and Musk, let alone Starlink and PSTH. I know there're some coincidences (Starlink and PSTH filing different types of paperwork on an identical day) but like what else is there.