Tesla Inc. CEO and SpaceX owner, Elon Musk is planning to make SpaceX’s space internet venture, Starlink, to be addressed to IPO. He is anticipating a more smooth and predictable revenue growth in the coming few years. The billionaire entrepreneur tweeted this on Monday,
“We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Public market does *not* like erratic cash flow haha. I’m a huge fan of small retail investors. Will make sure they get top priority. You can hold me to it.”
The president of SpaceX in February suggested the idea of waving the Starlink off for the IPO in the upcoming years. In his latest tweet, Elon Musk ensured that the “small” retail investors will be in the top priority as he admires them the most.
Provision of the internet connection over the entire earth by 2020?
SpaceX plans to provide satellite internet connectivity to the remote and underserved regions of the planet with inexpensive prices to the well built-up zones. SpaceX stated that with the initial launch of 60 satellites in the constellation, they would additionally require 480 more satellites for achieving the minor broadband coverage around the earth and the 780 of the first 1600 satellites for gaining a moderate coverage. They are planning to provide the internet connection globally by the end of 2020.
After the development and deployment of a new version of the satellite communication system, SpaceX is planning to reach Mars.
As of 28th September 2020, SpaceX has launched about 715 satellites out of which the total number of deorbited satellites is 37. SpaceX has also planned to launch equal to 60 per Falcon 9 flight with launches approximately every two weeks in 2020.
Do you know you can see the SpaceX Starlink satellite from your house?
Here’s what you need to do to see the Starlink satellite. The best chance when you are likely to see the satellite is either 30 minutes before the sunrise or 30 minutes after the sunset.
