Elon Musk May Wait Until 2026 to Make SpaceX’s Starlink Public

Investors wanting to get their hands on caudex of SpaceX ’s orbiter megaconstellation will have to wait a bit longer . CEO Elon Musk of late tell employee that he ’s not probable to make SpaceX ’s Starlink public for another three to four years , CNBC reports .

During an all - hands meeting of the caller ’s employee last week , Musk reportedly enunciate that SpaceX ’s initial public oblation ( IPO ) wo n’t be for another three to four years from now , accord to an audio recording of the coming together acquired by CNBC . Musk declare thatStarlinkneeds to be “ in a smooth sailing situation ” with “ near predictability . ”

Musk had ab initio planned to take Starlink public as early as this year , according to a 2019 e - mail to employee obtained by CNBC . But now , the billionaire seems wary of taking hisinternet megaconstellationpublic . “ Being public is emphatically an invitation to pain , ” the billionaire assure SpaceX employees Thursday . “ And the blood price is just trouble . ”

SpaceX CEO Elon Musk keeps delaying going public with the internet satellite business.

SpaceX CEO Elon Musk keeps delaying going public with the internet satellite business.Photo: Patrick Pleul (AP)

Starlink is not yet fully operating , but it ’s getting there . So far , SpaceX has about 2,300 function Starlink satellites working in low Earth ambit . But Musk is still hoping to launch a staggering total of 42,000 satellite to enable wideband internet access across the world .

The orbiter are presently beaming downconnectivityin parts of the U.S. and Canada , as well as New Zealand , some parts of Australia , the United Kingdom , as well as some European country like Spain and France . SpaceX is hop-skip to expand its service to the ease of the existence by the last of the year . The company is also looking to get together with commercial partners . In April , Starlinkannouncedits first partnership with a major airline , Hawaiian Airlines , to provide complimentary in - flight of stairs Wi - Fi . Last month , SpaceX revealed the design of its next generation ofStarlink satellites , which are going to be with child and better , harmonize to Musk .

SpaceX relies on funding and profits to power its production of Starlink satellites and the Falcon 9 rocket that present the units to orbit . In improver , the company has apartnership with NASAto transport the authority ’s spaceman to and from the International Space Station on control panel SpaceX ’s Crew Dragon space vehicle . The troupe reportedly raised at least $ 1.5 billion in its latest financial backing around , accord to the Wall Street Journal .

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