Elon Musk Plans IPO for SpaceX's Starlink Business

Musk said last year that Starlink was an important new revenue stream for SpaceX.

Advertisement
By Reuters | Updated: 29 September 2020 11:27 IST
Highlights
  • SpaceX is racing to build out its Starlink satellite constellation
  • Plans to offer broadband internet commercially by the end of 2020
  • Musk also said he is a "huge fan" of small retail investors

SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO

Tesla Chief Executive Officer Elon Musk plans to list SpaceX's space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable.

"Public market does *not* like erratic cash flow haha," the billionaire entrepreneur tweeted on Monday.

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

SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO in the coming years.

Advertisement

SpaceX is racing to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020.

Musk, in his tweet, also said he is a "huge fan" of small retail investors and will ensure they get top priority.

Advertisement

© Thomson Reuters 2020


Will Xbox Series S, PS5 Digital Edition fail in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Elon Musk, SpaceX, Starlink, IPO, Tesla
Advertisement

Related Stories

Popular Mobile Brands
  1. Realme C100i to Launch in India on This Date Via Flipkart
  2. Google Pixel 11 Review: More Gemini, Same Pixel DNA
  3. Nothing OS 5.0 With More Than 80 Changes, Upgrades Launched
  4. Sony Xperia 10 VIII With a 50-Megapixel Camera Debuts: See Price
  5. HP OmniPad 12 Review: Can This Tablet Replace Your Work Laptop?
  6. Boltt Ace 5G, Boltt Evo With 6,000mAh Battery Debut in India: See Prices
  7. Vivo T5 India Launch Date, Design and Features Teased
  8. Here's How Much the Samsung Galaxy S26 Ultra Now Costs After Price Cut
  9. Portronics Ruffpad Teddy 8.5, Dino 8.5, PupX 10 Debut in India
  10. Nokia 300 Charge Announced With Torch and 3,700mAh Battery
  1. ChatGPT Gets New Sticker Maker for Personalised iMessage, WhatsApp Packs
  2. Nothing OS 5.0 Announced With Over 80 Design Changes, Performance Upgrades: See Release Schedule
  3. Googlebook Could Launch With Up to Eight Laptops From Lenovo, HP, Dell, Acer and Asus
  4. Nokia 300 Charge Feature Phone Announced 3,700mAh Battery, Reverse Charging Support: Price, Specifications
  5. Vivo T5 5G India Launch Date Announced; Confirmed to Feature 144Hz Display, Dimensity 7500 Turbo Chip
  6. Sony Xperia 10 VIII Launched With 50-Megapixel Rear Camera, Snapdragon 6 Gen 3 Chipset: Price, Specifications
  7. India Set to Launch First Tokenised Corporate Bonds With Digital Rupee
  8. Gamescom Opening Night Live 2026: How to Watch and What to Expect
  9. Apple’s 20th Anniversary iPhone May Feature a Curved Display, New Camera Design, Leaked Renders Suggest
  10. Boltt Ace 5G and Boltt Evo Launched in India With 6,000mAh Battery, 6.79-Inch HD+ Display: Price, Specifications
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.