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- JoChiaJoChia
  ·2021-02-09
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  Musk Says Starlink to IPO Once Cash Flow More Predictable
  Elon Musk said Starlink will list publicly once the cash flow of the space-based internet service ca
  Musk Says Starlink to IPO Once Cash Flow More Predictable
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Wehopeto be the first that does not.”</p>\n<p>SpaceX Chief Operating Officer Gwynne Shotwell said last year that Starlink is the business that the company would likely spin out and take public.</p>\n<p>Musk’sTesla Inc.has achieved incredible gains in the stock market, rising 743% in 2020. 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Would love to invest!”\nPrior to that question, Musk had been responding to posts on the cost of the service provided by Starlink.Space Exploration Technologies Corp.has been launching satellites on its Falcon 9 rockets and now has about 1,000 in orbit to beam down data to Starlink customers on Earth.\n\n Starlink is a staggeringly difficult technical & economic endeavor. However, if we don’t fail, the cost to end users will improve every year.— Elon Musk (@elonmusk)February 9, 2021\n\n“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk wrote in another tweet. “Every new satellite constellation in history has gone bankrupt. Wehopeto be the first that does not.”\nSpaceX Chief Operating Officer Gwynne Shotwell said last year that Starlink is the business that the company would likely spin out and take public.\nMusk’sTesla Inc.has achieved incredible gains in the stock market, rising 743% in 2020. The electric-vehicle maker is already up a further 22% this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}