Tesla ( (TSLA) - Get Report) and SpaceX CEO Elon Musk hinted that SpaceX's Starlink business will go public when its revenue is ‘reasonably predictable.’ Musk, who is known for responding to a stranger on his favorite social media platform Twitter ( (TWTR) - Get Report), was asked if Starlink would go public in the future.
"At least a few years before Starlink revenue is reasonably predictable," Musk tweeted.
Starlink is a satellite broadband service started in 2014 which aims to provide services especially in rural communities where internet access is difficult.
“Unbounded by traditional ground infrastructure, Starlink can deliver high-speed broadband internet to locations where access has been unreliable or completely unavailable," reads Starlink's website.
Starlink has been providing its services in 11 countries, including the U.S., Canada and the U.K. The company claims that its satellites are over 60 times closer to Earth than traditional satellites, resulting in good service.
There are about 1500 Starlink satellites functioning as of 2021.
At last check, shares of Tesla were trading 5.59% higher at $692.57.