Musk: Starlink will not go public until ’25 at the earliestCapitalism in space: According to Elon Musk, a public sale of stock for the Starlink internet satellite constellation has now been pushed back another three to four years, and will not occur any earlier ’25.
His revised date means Starlink’s IPO has been delayed once again for another three years. In an email to SpaceX workers in 2019, also obtained by CNBC, Musk gave a three-year timeline for Starlink’s public offering, meaning an IPO could have taken place this year.
In 2020, Musk tweeted that Starlink would “probably IPO” in “several years.” He then tweeted in June 2021 that it would be “at least a few years before Starlink revenue is reasonably predictable” and taking it public any earlier would be “very painful.”
This quote however from Musk I think best describes his experience being in charge of a publicly traded company: “Being public is definitely an invitation to pain.”
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Capitalism in space: According to Elon Musk, a public sale of stock for the Starlink internet satellite constellation has now been pushed back another three to four years, and will not occur any earlier ’25.
His revised date means Starlink’s IPO has been delayed once again for another three years. In an email to SpaceX workers in 2019, also obtained by CNBC, Musk gave a three-year timeline for Starlink’s public offering, meaning an IPO could have taken place this year.
In 2020, Musk tweeted that Starlink would “probably IPO” in “several years.” He then tweeted in June 2021 that it would be “at least a few years before Starlink revenue is reasonably predictable” and taking it public any earlier would be “very painful.”
This quote however from Musk I think best describes his experience being in charge of a publicly traded company: “Being public is definitely an invitation to pain.”
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
and yet the SEC would say they are protecting investors despite this example where they are, through over regulation and political harassment, depriving them of the opportunity to invest in a highly profitable enterprise.
Maybe Musk is worried the timing is bad based on the Democrats’ disastrous economic plans.
“Elon Musk has ‘super bad feeling’ about economy, wants to slash Tesla jobs”
“Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.”
https://www.cnn.com/2022/06/03/tech/elon-musk-tesla-jobs-economy/index.html
You go public-you give up control.
If he goes public with Starlink, Elon does lose some control.
Does he also need the headache of what that does to his financial worth? Already the richest man in the world does he need to be targeted for what will be seen as excessive? Makes him more of a target and doesn’t really do anything for him other than add headache.
At what point does confiscation of his assets begin?
Based on his recent history with democrats shutting down Tesla in California and delaying starship launches repeatedly vs Republicans saying “how can we cut the red tape”, I think he is waiting for a Republican president to be sworn into office.