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HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 06/28/1971
Place of birth : Pretoria - South Africa
Linked companies : Tesla, Inc.
Biography : Elon Reeve Musk is an entrepreneur and businessperson who founded 7 companies, including: Tesla, Inc

Musk plans IPO for SpaceX's Starlink business

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09/28/2020 | 10:49pm EDT
FILE PHOTO: Automobile awards The golden steering wheel in Berlin

Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX's space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable.

"Public market does *not* like erratic cash flow haha," the billionaire entrepreneur tweeted https://twitter.com/elonmusk/status/1310672832783884290 on Monday.

Musk said last year that Starlink was an important new revenue stream for his California-based Space Exploration Technologies, or SpaceX.

SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO in the coming years.

SpaceX is racing to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020.

Musk, in his tweet, also said he is a "huge fan" of small retail investors and will ensure they get top priority.

(Reporting by Akanksha Rana in Bengaluru: Editing by Sriraj Kalluvila)


Stocks mentioned in the article
ChangeLast1st jan.
TESLA, INC. -0.08% 420.28 Delayed Quote.402.33%
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