Elon Musk has once again talked about taking Starlink public, saying it will happen once the company’s cashflow can be predicted “reasonably well.”
Musk made the comment when responding to Tesla owner and enthusiast Zack (@BLKMDL3), who asked when he would be able to invest in the company.
Once we can predict cash flow reasonably well, Starlink will IPO
— Elon Musk (@elonmusk) February 9, 2021
The road to an IPO might be a rocky one, with Musk calling Starlink a “staggeringly difficult technical & economic endeavor.” The CEO said the company will have to spend a lot of money to make it financially viable. If he is able to do so, the monthly price for the satellite internet service will come down.
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
Just yesterday Starlink updated their website allowing customers anywhere in the world can pre-order their Starlink kit with a pre-payment of one months’ service, which in Canada is $129. By doing so, you reserve your spot in line for when coverage extends to your area.
