Musk: Starlink will not go public until ’25 at the earliest
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.”
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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.”
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
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.