Tesla’s share price fell as much as 8% on Monday, but that doesn’t stop Elon Musk from holding his head to the sky. On February 8, when SpaceX closed a fundraising campaign worth more than $ 850 million, the South African boss and entrepreneur spoke of an IPO for Starlink.
See you in 2022
– Hadrien Augusto (@HadrienAugusto) February 9, 2021
The subject that is discussed again and again on specialized financial sites should actually lead the satellite broadband internet service to the capital market. Only, the company would certainly go through a split with SpaceX, since the aerospace company isn’t on its side to go public.
Confirmation from Elon Musk
To confirm these claims, Elon Musk reiterated his prediction that Starlink would go public as soon as its cash flow was predictable. In simpler terms, once Starlink has agreed its offer in different countries around the world, the electricity will be substantial (it should double this year) and the legislation will be sufficiently compliant (especially in Europe).
In a tweet, the SpaceX boss said: “As soon as we can reasonably predict cash flow, Starlink will go public.” Currently 10,000 people use Starlink’s Internet network. In beta.
When could we plan to go public? In an interview with Business InsiderExperts had warned that Starlink should surely have more than 3 million subscribers. A course they believe will be possible within three years so they can envision a profitable model.
Use of 60 Starlink satellites confirmed pic.twitter.com/apZ7oTOvNk
– SpaceX (@SpaceX) February 16, 2021
Elon Musk recognized him. He mainly expected investment and massive losses in 2022, not mentioning the years that followed. “SpaceX needs to cross a deep negative cash flow gap over the next year to make Starlink financially viable.”he commented.
Out of habit with the man, it is certain that we will not have an exact date in the coming months. Starlink remains private and discreet about its results. To gain space and colonize low orbit, the SpaceX unit would have to keep asking for colossal funds. A lesson for all entrepreneurs: Just because you’re floating in space doesn’t mean you have escaped the valley of death.