Elon Musk: Starlink will ‘probably IPO’ in ‘several years’

  • Elon Musk tweeted on Monday that Starlink, an satellite-based internet initiative within his privately held company SpaceX, will “probably IPO” in “several years.”
  • Musk said that Starlink likely would wait to go public until “revenue growth is smooth & predictable” and that he would prioritize “small retail investors” when taking the business public.
  • SpaceX President and COO Gwynne Shotwell had previously floated the idea in February.
  • Starlink is aiming to start offering space-based internet services to customers this summer, but the company has already drawn criticism over its environmental impact and regulatory approval.
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Tesla CEO Elon Musk announced in a tweet Monday that he will “probably” take SpaceX’s internet-based satellite venture, Starlink, public at some point in the future.

“We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable,” Musk said.

He also promised

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