NEW YORK (

TheStreet

) --Sorry, Elon Musk fans. You're going to have wait a while for

SpaceX

to go public.

Musk, who is CEO of SpaceX and

Tesla Motors

(TSLA) - Get Report

, said that the nature of the business is very divergent from Wall Street's mentality, and an initial public offering would do more harm than good at this point.

"No near-term plans to IPO @SpaceX," Musk said in a tweet. "Only possible in very long term when Mars Colonial Transporter is flying regularly."

The popular Musk, who was recently interviewed by

TheStreet

, noted the conflicting time frames between what Wall Street cares about (quarter-to-quarter data), versus what it would take to develop a trip to Mars.

Musk noted there is a lot a of pressure from investors as a public company, saying it's "hard not to feel super bad if u don't make

sic your quarter."

Rocket technology is vastly different than what most companies are used to, Musk stated. He noted that the "

passing grade for a rocket is 100%."

There has been speculation that SpaceX would go public based off the exceptional performance seen in shares of Tesla Motors, as well as

Solar City

(SCTY)

, which Musk is also involved with.

Last year, SpaceX

launched

its Falcon 9 rocket, carrying the Dragon capsule into space.

--

Written by Chris Ciaccia in New York

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