[1/2] SpaceX Starlink 5 satellites are pictured in the sky seen from Svendborg on South Funen, Denmark April 21, 2020.
Ritzau Scanpix/Mads Claus Rasmussen via REUTERS Acquire Licensing RightsNov 15 (Reuters) - Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024.
The billionaire entrepreneur has previously said he intended to list Starlink when revenue growth and cash flow became smooth and predictable.
The Starlink unit is the world's largest satellite operator.
"I believe he (Musk) will take Starlink out, not next year, but maybe 2025, 2026.
Persons:
Ritzau Scanpix, Mads Claus Rasmussen, Elon Musk, Starlink, Jeff Bezos, He's, Justus Parmar, Parmar, Niket Nishant, Akash Sriram, Anil D'Silva, Arun Koyyur
Organizations:
SpaceX, REUTERS Acquire, Bloomberg, Fortuna Investments, Thomson
Locations:
Svendborg, South Funen, Denmark, Mexico, Bengaluru