Billionaire Elon Musk Teases IPO For Starlink, SpaceX’s Satellite Internet Business

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. AFP via Getty ImagesThe 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.”.he believed Starlink would be an important revenue stream for SpaceX, with ambitions to provide high-speed internet around the world.

It comes as the company is assisting the Washington Military Department’s Emergency Management Division as it responds to towns devastated by wildfires, providing internet access to emergency responders and the public. of the company’s plans to spin out Starlink into a separate business and take the company public. Starlink is SpaceX’s ambitious internet-from-space project, involving a constellation of thousands of satellites that will deliver high speed internet access across the globe.

, with nearly 700,000 individuals in the US alone. Starlink’s website says it is targeting the US and Canada in 2020 and rapidly expanding “to near global coverage” by 2021., 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.

porfavor no comparen a elonmusk con JeffBezos no es competencia... Jeff who?

Break the China great firewall...

👀 🤔

MiguelAngelFMB

Why do you have to say Billionaire?

in elon we trust

Satellites are just attached to balloons

Big up💪🏽

How long before he’s the richest man in the world..

_youngbroker 👁

This is insane

I AM JESUS ​​CHRIST AND I DO NOT SUPPORT RACISM !! DONALD TRUMP IS THE DEVIL, TRUMP IS THE OLD SERPENT 'THE DRAGON'. I WILL DEFEND AFRO-AMERICANS !! I CAME TO KICK THE SNAKE'S HEAD. WHO VOTES IN ('TRUMP DEVIL') GOES TO HELL. APOCALYPSE of the 'Revelation of the Bible.....

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