Is This Elon Musk's Next IPO?
The news struck like a thunderbolt: SpaceX might IPO Starlink.
For years, investors have sought a viable way to invest in Elon Musk's space start-up, SpaceX. Alphabet's 2015 investment in SpaceX, giving the internet giant a partial stake in the space company, suggested one way. (Currently the only way.) But what investors really wanted was a way to own SpaceX directly.
Problem is, Elon Musk is not all that interested in IPO'ing SpaceX. He doesn't want to cede control of the company and risk short-term-focused investors derailing his plans to colonize Mars, for one thing. And with SpaceX's satellite launch business reporting positive EBITDA (and even occasional positive GAAP profits), he doesn't really need the money an IPO would generate. Result: A near-term IPO of SpaceX probably isn't in the cards.
Source Fool.com
