SpaceX IPO Puts Elon Musk’s ‘Extreme’ Ownership to the Test
Brian Manning encountered SpaceX’s culture of extreme ownership from day one as an engineer at the rocket maker. After a one-hour onboarding session a decade ago, he got his first assignment: Design a small part by the next day. “The way I looked at it is having very clear responsibility, autonomy, and accountability,” says Manning, who aced the task and spent about two years at the company. “Rather than hiring people and telling them how to do it, they give people full ownership to make things happen.”
The principle has served SpaceX and its cofounder and CEO Elon Musk well. No company has delivered more to space. It’s also become the leading satellite internet provider while achieving once unthinkable aeronautical feats, including reusing key parts of its rockets. This week, SpaceX raised $75 billion by selling shares to investors in an initial public offering. That’s nearly three times...
Copyright of this story solely belongs to wired.com. To see the full text click HERE
