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6/7, 4:32 PM (Source: TeleTrader)
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Musk says Starlink IPO to happen '3, 4 years' from now - report

Tesla Inc. and SpaceX CEO Elon Musk stated on Tuesday that the Starlink satellite internet constellation, operated by SpaceX, will not be going public earlier than at least the next "3 or 4 years from now," according to an audio recording CNBC obtained.

Musk underlined that Starlink needs to be "in a smooth sailing situation" with “good predictability” before it is presented in an initial public offering (IPO) as only that would "make a lot of sense."

CNBC reported that Musk previously wanted the offering to take place as early as this year, only to delay the process. The current plan for going public has now been pushed to 2025 or later.

Baha Breaking News (BBN) / AY