Elon Musk recently reclaimed the title of the world’s richest person thanks to Tesla shares are surging. The spin-off and initial public offering of Starlink, the satellite-broadband unit of his private space business SpaceX, would make him substantially wealthier—and it may happen sooner than some people think.

The venture capitalist Chamath Palihapitiya forecasted in January that the a Starlink IPO would happen this year—saying it’d be He added that the deal would be “the biggest of 2023.” He said that Starlink’s valuation “will be at least half of SpaceX’s current private worth.”

The month of April began with the Wall Street Journal reported SpaceX sought to find a new home to Achieve a higher valuation to The company raised $150 billion when it allowed employees to sell their stock. (The company raised 750 million dollars at a $137 billion valuation A trust associated with January. Trusts associated with Musk SpaceX owns 42 percent of the company Journal reported last December.

“It would not be legal for me to speculate about a Starlink IPO,” Musk said Saturday when asked about it by Bloomberg’s Ashlee Vance in a Twitter Spaces talk. Then, he burst into laughter.

Vance—who wrote a 2017 book You can find out more about this by clicking here. Musk You can also find out more about the following: another one this year about the space industry—noted that SpaceX is private and wondered why Musk couldn’t discuss the matter. 

“We’re private, but you cannot—it’s I think against regulations to talk with any kind of specifics about a future public offering,” SpaceX’s CEO responded.

Starlink As of May 1, 2015, the company had 1.5 million clients. primary driver of SpaceX’s valuation.

“This year, Starlink will make money. We actually had a cash flow positive quarter last year,” SpaceX President Gwynne Shotwell said The month of February is a great time to get out and about.

You can also find out more about the following: Starlink The network design to Deliver high-speed Internet anywhere on The Earth is being monitored via satellites orbiting in low Earth-orbit. Vance has said that sometimes he wonders whether or not the planet is actually in low Earth orbit. Starlink The business case for a project makes sense in light of the “incredible amount of money” spent on What is it? “may or may not work” You asked? Musk If you have doubts.

“The business case is not subjective, it is objective,” Musk replied. “If you can provide a compelling internet connection, where the quality of the product and the price are competitive with terrestrial options—or often there are simply no terrestrial options—then you obviously have a business. So it’s not super complicated, it’s just, how good is your internet and what’s the cost.”

Musk You can also read about how to get in touch with us. said SpaceX made over 1,000 modifications to The Mars-focused Starship exploded, and it failed to First test launch in April will reach orbit. “The probability of the next flight working—or getting to orbit—is much higher than the last one,” He said. “Maybe it’s like 60%.” 

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