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Elon Musk Plans IPO for SpaceX's Starlink Business

Elon Musk Plans IPO for SpaceX's Starlink Business

Musk said last year that Starlink was an important new revenue stream for SpaceX.

By Reuters | Updated: 29 September 2020 11:27 IST

Elon Musk Plans IPO for SpaceX's Starlink Business

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

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Highlights

SpaceX is racing to build out its Starlink satellite constellation
Plans to offer broadband internet commercially by the end of 2020
Musk also said he is a "huge fan" of small retail investors

Tesla 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 on Monday.

We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Public market does *not* like erratic cash flow haha. I'm a huge fan of small retail investors. Will make sure they get top priority. You can hold me to it.
— Elon Musk (@elonmusk) September 28, 2020

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.

Elon Musk's SpaceX Plans IPO for Starlink Business

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.

© Thomson Reuters 2020

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