Elon Musk confirmed on Wednesday that he intends to list Starlink once its cash flow becomes more predictable.
“Going public sooner than that would be very painful,” Musk said in a tweet. “Will do my best to give long-term Tesla shareholders preference.”
The idea of separating Starlink from SpaceX for an initial public offering was first touted last year by Gwynne Shotwell, president of SpaceX.
Starlink’s mission is to offer high speed internet across the world, using a network of thousands of satelites in low-earth orbit.
Tesla chief Musk believes that Starlink will play an important role in getting resources for his grander plans of bringing consumer passengers to the moon and colonising Mars.