Elon Musk to spin off SpaceX IPO once revenue growth becomes steady, predictable

Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth.

“Public market does *not* like erratic cash flow haha,” tweeted Musk.

In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX.

In February 2020, SpaceX’s President Gwynne Shotwell had floated the idea of spinning Starlink off for an IPO in the coming years.

SpaceX is racing to build its Starlink satellite constellation which will offer commercial broadband internet by the end of this year.

In his tweet, Musk also mentioned that he is “huge fan” of small retail investors and will ensure they get top priority in SpaceX’s potential listing in the coming future.

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