Elon Musk is in no hurry to release Starlink shares to the market

There will be no separation of Starlink into a separate company with the issue of shares. Despite numerous promises made in the past years until 2025, this will definitely not happen. Satellite communications are already operating in 32 countries, but this project still lacks stability.

Elon Musk is not going to release Starlink shares to the market. Source: mediaproxy.salon.com

Starlink shares postponed for the future

The creation of a completely independent satellite operator Starlink from SpaceX and the release of its shares to the market is postponed until at least 2025. This was stated by the owner of the company, Elon Musk. According to him, this responsible step can be carried out in a more stable situation than now.

Talks about a possible issue of shares of the satellite Internet operator have been going on for a long time. Back in 2019, CNBC received a message from Musk’s office that this could happen in 2-3 years. However, already in 2020, the billionaire said that he was still afraid of bankruptcy, which often happens with satellite operators.

In February 2021, he published two tweets, the content of which boils down to a positive vision of the financial future of Starlink and that the shares will be released to the market “sometime”. Meanwhile, the company continued to save billions of dollars.

Starlink’s Future Remains Hazy

The situation with Starlink really remains uncertain. On the one hand, this spring the price of the terminal in the United States has increased from USD 499 to USD 549, and the service – from USD 99 to USD 110. On the other hand, 2,600 satellites already deployed in orbit allow him to offer his services to hundreds of millions of people around the world.

The war in Ukraine in general allowed the company to show everything it is capable of. Here, thanks to Musk’s satellite dishes, tens of thousands of people whom Russia was going to drown in its propaganda were able to gain access to free information. And in the military, Starlink even made a small coup.

In total, there are now about 500 thousand users from 32 countries in the world. However, those who do not live in a military conflict zone do not always speak approvingly about the price and quality of services. Time will tell whether the project will be really profitable.

According to spacenews.com

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