Musk plans IPO for SpaceX's Starlink business

10:39 Sun, 16 May

GEO

USD

$ 3.4186

EUR

€ 4.1392

GBP

£ 4.8110

RUB

₽ 0.0462

TRY

₺ 0.0041

AZN

₼ 0.0201

Bitcoin

48,244.3000

Ethereum

3,790.7500

Bitchoin Cash

1,229.4200

Litecoin

309.6340

XRP

1.5740

29.Sep .2020 11:42

Musk plans IPO for SpaceX's Starlink business

279

Back

Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX’s space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable.

"Public market does *not* like erratic cash flow haha," the billionaire entrepreneur tweeted here on Monday.

Musk said last year that Starlink was an important new revenue stream for his California-based Space Exploration Technologies, or SpaceX.

SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO in the coming years.

SpaceX is racing to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020.

Musk, in his tweet, also said he is a “huge fan” of small retail investors and will ensure they get top priority.

SpaceX