Tesla CEO Elon Musk plans to list SpaceX’s space Internet venture, Starlink, several years into the future, when revenue growth is smooth and predictable.
“The public market does not like uncertain cash flows,” the billionaire entrepreneur tweeted on Monday.
We’ll probably IPO Starlink, but only several years into the future when revenue growth is smooth and predictable. The public market likes *no* to uncertain cash flow haha. I am a big fan of small retail investors. Make sure they get top priority. You can keep me with you
— Elon Musk (@elonmusk) September 28, 2020
Musk said last year that Starlink was a significant new revenue stream for his California-based Space Exploration Technologies, or SpaceX.
SpaceX President Gwynne Shotwell in February pitched the idea of shutting down Starlink for an IPO in the coming years.
SpaceX is racing to build its Starlink satellite group to offer broadband internet commercially by the end of 2020.
Musk also said in his tweet that he is a “huge fan” of small retail investors and will make sure they get the top priority.
© Thomson Reuters 2020
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