Starlink IPO Still a Few Years Away

Investors and employees hoping for a Starlink IPO will have to wait a while longer, with Elon Musk saying it's still several years away....
Starlink IPO Still a Few Years Away
Written by Staff

Investors and employees hoping for a Starlink IPO will have to wait a while longer, with Elon Musk saying it’s still several years away.

Starlink is the leading low-Earth orbit (LEO) satellite internet provider. Unlike traditional satellite internet, Starlink’s LEO status allows it to offer speeds and latency comparable with traditional broadband. In fact, Starlink is already giving traditional internet companies a run for their money. Despite some being eager to see a quick IPO, according to CNBC, Musk told SpaceX employees it’s still three or four years away.

“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.

Musk reiterated his belief that Starlink needs to be “in a smooth sailing situation” with “good predictability.” Only then, “I think spinning it off as a public company can make a lot of sense,” he continued.

Subscribe for Updates

SpaceRevolution Newsletter

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit