Musk: “Starlink IPO in 3-4 years”
June 9, 2022
By Chris Forrester
Elon Musk says that he is unlikely to take his Starlink broadband-by-satellite system into public ownership for another three to four years.
Musk emphasised, as he has previously, that the Starlink business needs to be “in a smooth sailing situation” with “good predictability” before it goes public.
“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-staff meeting of the private company’s employees, according to an audio recording obtained by CNBC.
Then, however, Musk added that spinning off Starlink as a public company can make a lot of sense.