Musk is planning an IPO for SpaceX’s Starlink business
Tesla Inc Chief Executive Officer Elon Musk intends to list SpaceX’s space internet adventure, Starlink, quite a long while later on when revenue development is smooth and predictable.
“Public market does not like erratic cash flow haha,” the billionaire entrepreneur tweeted here on Monday.
Musk said a year ago that Starlink was a significant new revenue stream for his California-based Space Exploration Technologies, or SpaceX.
SpaceX President Gwynne Shotwell in February skimmed turning Starlink off for an IPO in the coming years.
SpaceX is racing to work out its Starlink satellite heavenly body to offer broadband web monetarily before the finish of 2020.
Musk, in his tweet, likewise said he is an “huge fan” of little retail speculators and will guarantee they get main priority.