Musk: Starlink to go public once operational
Capitalism in space: According to a tweet by SpaceX founder Elon Musk, once the Starlink internet satellite constellation is operational and has a “reasonable well” cash flow it will issue and IPO and become a publicly traded stock.
“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk wrote in another tweet. “Every new satellite constellation in history has gone bankrupt. We hope to be the first that does not.”
Based on the company’s pace of launching satellites and rolling out service, this moment could occur as early as late this year. More likely it will occur in mid-22.
I would also expect that stock to quickly rise in value, and based on the history of all of Musk’s companies, will continue to rise thereafter. Expect also that a significant portion of the investment capital that Starlink will raise will be used to finance the development of Starship and Super Heavy, because Starlink will need that larger rocket to maintain its satellite constellation.
Capitalism in space: According to a tweet by SpaceX founder Elon Musk, once the Starlink internet satellite constellation is operational and has a “reasonable well” cash flow it will issue and IPO and become a publicly traded stock.
“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk wrote in another tweet. “Every new satellite constellation in history has gone bankrupt. We hope to be the first that does not.”
Based on the company’s pace of launching satellites and rolling out service, this moment could occur as early as late this year. More likely it will occur in mid-22.
I would also expect that stock to quickly rise in value, and based on the history of all of Musk’s companies, will continue to rise thereafter. Expect also that a significant portion of the investment capital that Starlink will raise will be used to finance the development of Starship and Super Heavy, because Starlink will need that larger rocket to maintain its satellite constellation.