Elon Musk confirmed Wednesday that it intends to list Starlink when cash flow becomes more predictable.
“It’s very painful to publish it sooner,” Musk said in a tweet. “We will do our best to give Tesla shareholder preferences over the long term.”
At least a few years ago when Starlink’s revenues were reasonably predictable. It’s extremely painful to make it public earlier than that. We will do our best to give Tesla shareholder preferences over the long term.
– Elon Musk (@elonmusk) June 24, 2021
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The idea of separating Starlink from SpaceX for its first public offering was first promoted last year by SpaceX president Gwynne Shotwell.
Starlink’s mission is to provide high-speed internet around the world using a network of thousands of satellites in low-Earth orbit.
Tesla’s Chief Musk believes Starlink will play a key role in getting resources for his grand scheme of bringing consumer passengers to the moon and colonizing Mars.
