CNBC: Starlink May Not IPO for 3 to 4 Years
By Michael Sheetz | June 7, 2022
Starlink satellites before deployment on SpaceX’s March 24 Falcon 9 mission. Screenshot via SpaceX.
Elon Musk last week told SpaceX employees the company isn’t likely to take its Starlink satellite internet business public until 2025 or later, CNBC has learned, extending the estimated timeline for an initial public offering yet again.
“I’m not sure exactly when that [IPO] is, but maybe it will be like — I don’t know, just guessing — three or four years from now,” Musk said at an all-hands meeting of the private company’s employees on Thursday, according to an audio recording obtained by CNBC.