Elon Musk Sets Condition for Listing One of His Major Companies on the Stock Market

Elon Musk, the CEO of Tesla, stated late yesterday that he plans to list his company SpaceX's satellite internet project Starlink when it becomes possible to predict its cash flows reasonably. Musk mentioned in a tweet that taking the company public any sooner "would be extremely painful." He added, "I will do my best to give preference to long-term Tesla shareholders." This came in response to a Twitter user who asked, "Any thoughts on the IPO for Starlink that we'd like to invest in in the future?" Last year, SpaceX President Gwynne Shotwell brought up the idea of an IPO for Starlink, which consists of tens of thousands of satellites in low Earth orbit aimed at providing high-speed internet service. Musk previously stated that Starlink, currently based in Redmond, Washington, will be an important source of funding for broader plans such as developing the Starship rocket to enable commercial travel to the moon and efforts to colonize Mars.