Musk has stated that he does not think it is worth going public with Starlink until the company has an “extremely stable and predictable revenue stream”. He believes that being a private company allows SpaceX to take more appropriate risks, without the “immense pressure” to perform well each quarter that comes with being public.
Musk has denied recent reports that Starlink will go public in 2024, saying the reports are “false”. He wants Starlink to continue maturing and achieving stable, predictable growth before considering an IPO, which may not happen for several more years3.
Investor Ron Baron expects Starlink to go public around 2027, once the company’s value is projected to reach $250-300 billion. This timeline aligns with Musk’s stated preference to wait until Starlink has a “smooth and predictable” revenue and cash flow profile before going public.
In summary, the search results indicate that Elon Musk is not eager to take Starlink public in the near future, and prefers to keep the company private until it can demonstrate a more stable and predictable financial performance, which may take several more years to achieve.
