September 29, 2020 | internet | No Comments
Elon Musk on Monday hinted at his plans to take SpaceX’s space internet venture, Starlink, public in several years when revenue growth is “smooth and predictable” as the firm, which eventually aims to provide broadband around the world, is servicing towns in Washington ravaged by wildfires along the U.S. West Coast.
The Tesla CEO revealed his plans on Twitter, saying small retail investors will “get top priority” when the company is listed: “You can hold me to it.”
Investors may be waiting a while — Musk said he will only take the company public in several years when revenue growth is smooth and predictable, adding: “Public market does *not* like erratic cash flow.”.
Last year, Musk said he believed Starlink would be an important revenue stream for SpaceX, with ambitions to provide