Ghana

Starlink to go public once cash flow is more predictable, says Elon Musk

Tesla Inc Chief Executive Officer Elon Musk will list SpaceX’s space internet venture, Starlink, when its cash flow is reasonably predictable, the billionaire entrepreneur said late on Wednesday.

“Going public sooner than that would be very painful,” Musk said in a tweet. “Will do my best to give long-term Tesla shareholders preference.”

He was responding to a question on Twitter, where a user asked: “Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?”

Last year, SpaceX President Gwynne Shotwell floated the idea of spinning off Starlink for an initial public offering.

Starlink, a planned network of tens of thousands of satellites in low-earth orbit, aims to offer fast internet speeds globally.

Musk had said earlier that Starlink, currently based in Redmond, Washington, will be a crucial source of funding for his broader plans like developing the Starship rocket to fly paying customers to the moon and eventually trying to colonize Mars.

Reuters

Football news:

Pavel Nedved: Ronaldo will stay at Juventus. Dybala's agent will be in Turin next week
Wijnaldum about Liverpool fans: Sometimes I felt that I was not appreciated and loved enough
Nagelsmann, pig, get lost in Munich-1860. About 20 fans insulted the coach of Bayern
Mateus Fernandes: I dreamed of playing for Barca, but they did not treat me as a professional player there
Pogba and Manchester United continue to negotiate a contract extension. Sulscher confirmed
Mateus Fernandez: Messi is a genius. I watched his training sessions in Barca-it's incredible
Grealish's doubts about a move to Man City may be related to playing time