Home / Science / Tesla Motors, Inc. (NASDAQ: TSLA) – Elon Musk has IPO plans for Starlink and retail investors will have “top priority”

Tesla Motors, Inc. (NASDAQ: TSLA) – Elon Musk has IPO plans for Starlink and retail investors will have “top priority”



Space Exploration Technologies Corp CEO Elon Musk revealed on Monday that the company plans to go public with its Starlink satellite broadband unit, but not before revenue growth is “smooth” and “predictable.”

What happened: Such an initial public offering would come “several years into the future” as the public market doesn’t “like erratic cash flow,” suggested the billionaire, adding a laugh.

Musk added that whenever such an IPO occurs, Starlink can be trusted to prioritize retail investors. “I’m a huge fan of small retail investors. I’ll make sure they have top priority. You can hold on to me,”

; said the SpaceX CEO.

SpaceX is considered to be one of the most valuable venture-backed businesses in the United States, with an estimated valuation in excess of $ 46 billion in August.

Because matter: In March Musk, who also drives Tesla Inc (NASDAQ: TSLA), publicly stated that it was not considering an IPO for Starlink, saying, “We’re thinking about that zero.”

The broadband project involves the launch of 12,000 satellites in low earth orbit to provide global internet coverage.

Analysts say SpaceX’s value is primarily within its broadband arm, Starlink, and if the project is successful, it could reach a valuation of $ 120 billion, or it could drop to $ 5 billion.

Photo Courtesy: SpaceX via Flickr

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