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Elon Musk brushed off all conversations surrounding the possible listing of Starlink satellite internet business.
CNBC reported that Elon Musk told SpaceX employees that it wouldn’t take its Starlink satellite internet business public until 2025 or later. CNBC obtained an exclusive audio recording to corroborate the news.
“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, reported CNBC.
SpaceX’s Starlink satellite internet constellation has secured close to half a million customers in 32 countries, within two and a half years after operational satellite launches began. The constellation has almost 2,400 working satellites in orbit, of which almost 1,800 are operational.
Musk warned employees during his comments on Thursday that they “should not think of things going public as, like, a sure path to riches.”
“The public markets are fickle” and “really pistol-whip you if you don’t meet expectations,” he said.
Source - CNBC
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