Billionaire Elon Musk said it’s “impossible" to take Tesla Inc. private now even though he would have liked to spend more time on innovation. “Tesla public company duties are a much bigger factor, but going private is impossible now (sigh)," Musk said in response to a tweet saying he should optimize his time in areas such as innovation. Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, President Gwynne Shotwell said at a private investor event in February. “Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public," she said then. And it will be ready to launch its first Starship flight to Mars in 2026, Musk said earlier this month.

Source: Mint December 25, 2020 04:59 UTC