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


Space Exploration Technologies Corp CEO Elon Musk revealed on Monday that the company had plans to make its satellite broadband unit StarLink public, but not until revenue growth was “smooth” and “predictable”.

What happened: Such an initial public offering would come “many years in the future” because the public market “is not like uncertain cash flows,” the billionaire suggested, adding a laugh.

Musk said that whenever such IPOs occur, Starlink can be trusted to prioritize retail investors. The CEO of SpaceX claimed, “I am a huge fan of small retail investors. This will ensure they get top priority. You can catch me.”

SpaceX is considered one of the most valuable enterprise-backed businesses in the United States, with an estimated valuation above $ 46 billion as of August.

Why it matters: In March, oysters, whoever leads Tesla Inc. (NASDAQ: TSLA), publicly stated that it was not considering an IPO for Starlink, saying, “We’re thinking of that zero.”

The broadband project involves launching 12,000 satellites in low Earth orbit to provide global Internet coverage.

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

Photo courtesy: SpaceX via Flickr

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