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Elon Musk says retail investors will get ‘top priority’ for Starlink IPO


SpaceX founder Elon Musk confirmed his intent to spin out the company’s internet-from-space business Starlink — but only “when revenue growth is smooth and predictable.” Musk warned that will still be “several years in the future,” when Starlink’s cash flow becomes more reliable. “Public market does not like erratic cash flow haha,” he tweeted on Monday night. 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…

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