Elon Musk promised to bring Starlink satellite Internet to the exchange within several years
The head of SpaceX, Elon Musk, on his Twitter blog, talked about plans to list the Starlink project on the stock exchange: the initial issue of shares (IPO procedure) can be carried out within the next few years.
Recall that the large-scale Starlink initiative provides for the formation of a global satellite system that provides broadband Internet access to users around the world. In total, the Starlink infrastructure is supposed to unite almost 12 thousand spacecraft, of which about 700 have been launched to date.
In the long term, Starlink is expected to have annual revenues of up to $ 30 billion. Commercial Services in the North American market within the project will begin to be provided this year, and globally in 2021.
“ We will probably go through the Starlink IPO, but only in a few years, when revenue growth is steady and predictable,” said Mr. Musk.
Elon Musk said last year that Starlink will become an important source of revenue for SpaceX. For the implementation of the primary issue of securities, this project is planned to be transformed into an independent structure.
