(June 23): Tesla Inc Chief Executive Officer Elon Musk will list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, the billionaire entrepreneur said late on Wednesday. "Going public sooner than that would be very painful," Musk said in a tweet. He was responding to a question on Twitter, where a user asked: "Any thoughts on Starlink IPO we would love to invest in the future. Last year, SpaceX President Gwynne Shotwell floated the idea of spinning off Starlink for an initial public offering. Starlink, a planned network of tens of thousands of satellites in low-earth orbit, aims to offer fast internet speeds globally.

Source: The Edge Markets June 24, 2021 03:11 UTC