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.”
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.”