Elon Musk Says Starlink to Go Public Once Cash Flow Is More Predictable

<div></div> <p>Tesla Chief Executive Officer Elon Musk will list SpaceX’s space Internet venture, Starlink, when its cash flow is reasonably predictable, the billionaire entrepreneur said late on Wednesday.</p> <p>“Going public sooner than that would be very painful,” <a href="https://gadgets.ndtv.com/tags/elon-musk" target="_self" rel="noopener">Musk</a> said in a tweet. “Will do my best to give long-term <a href="https://gadgets.ndtv.com/tags/tesla" target="_self" rel="noopener">Tesla</a> shareholders preference.”</p> <div align="" readability="6.1293859649123"> <blockquote class="twitter-tweet" readability="5.6578947368421"> <p dir="ltr" lang="en">At least a few years before Starlink revenue is reasonably predictable. Going public sooner than that would be very painful. Will do my best to give long-term Tesla shareholders preference.</p> <p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1407877220543180800?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 24, 2021</a> </p></blockquote> </div> <p>He was responding to a question on <a href="https://gadgets.ndtv.com/tags/twitter" target="_self" rel="noopener">Twitter</a>, where a user asked: “Any thoughts on <a href="https://gadgets.ndtv.com/tags/starlink" target="_self" rel="noopener">Starlink</a> IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?”</p> <p>Last year, <a href="https://gadgets.ndtv.com/tags/spacex" target="_self" rel="noopener">SpaceX</a> President Gwynne Shotwell floated the idea of spinning off Starlink for an initial public offering.</p> <p>Starlink, a planned network of tens of thousands of satellites in low-earth orbit, aims to offer fast Internet speeds globally.</p> <p>Musk had said earlier that Starlink, currently based in Redmond, Washington, will be a crucial source of funding for his broader plans like developing the Starship rocket to fly paying customers to the moon and eventually trying to colonise Mars.</p> <p><em>© Thomson Reuters 2021</em><br /> </p> <hr> <p>The post <a rel="nofollow" href="https://patabook.com/technology/2021/06/24/elon-musk-says-starlink-to-go-public-once-cash-flow-is-more-predictable/">Elon Musk Says Starlink to Go Public Once Cash Flow Is More Predictable</a> appeared first on <a rel="nofollow" href="https://patabook.com/technology">Patabook Technology</a>.</p>

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