Menu

Blog

Jun 7, 2022

Elon Musk says an IPO of SpaceX’s Starlink satellite internet business is still 3 or 4 years away

Posted by in categories: business, Elon Musk, internet, satellites

Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline for an initial public offering yet again.

“I’m not sure exactly when that [IPO] is, but maybe it will be like — I don’t know, just guessing — three or four years from now,” Musk said at an all-hands meeting of the private company’s employees on Thursday, according to an audio recording obtained by CNBC.

Musk emphasized, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability.” At that point, “I think spinning it off as a public company can make a lot of sense,” the SpaceX CEO said.

Leave a reply