Elon Musk says he’s planning to take his satellite internet business public in ‘several years’ once ‘revenue growth is smooth & predictable’
September 29, 2020 | internet | No Comments
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- Elon Musk tweeted on Monday that Starlink, an satellite-based internet initiative within his privately held company SpaceX, will “probably IPO” in “several years.”
- Musk said that Starlink likely would wait to go public until “revenue growth is smooth & predictable” and that he would prioritize “small retail investors” when taking the business public.
- SpaceX President and COO Gwynne Shotwell had previously floated the idea in February.
- Starlink is aiming to start offering space-based internet services to customers this summer, but the company has already drawn criticism over its environmental impact and regulatory approval.
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Tesla CEO Elon Musk announced in a