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Musk intends IPO for SpaceX's Starlink business in several years

Musk intends IPO for SpaceX's Starlink business in several years

Mubasher: Tesla Inc CEO, Elon Musk, intends to list Starlink, SpaceX’s space internet venture, several years in the future when revenue growth is smooth and predictable, Reuters reported on Tuesday. 

“We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable,” the billionaire entrepreneur tweeted on Monday.

Last year, Musk said Starlink was an important new revenue stream for his California-based Space Exploration Technologies or SpaceX.

In February, SpaceX President, Gwynne Shotwell, suggested spinning Starlink off for an initial public offering (IPO) over the coming years.

“I’m a huge fan of small retail investors. Will make sure they get top priority,” Musk added in his tweet.