On June 8, according to foreign media reports, recently, Elon Musk, CEO of Tesla and SpaceX, said that SpaceX's "Starlink" business may be listed in three to four years** As early as january2015, musk announced the satellite internet service project, which was named "star chain", aiming to provide users around the world with high-speed Internet access, especially in rural and remote areas.
At the end of May this year, it was revealed that "star chain" had more than 400000 users worldwide, compared with 90000 users in early August last year. In addition, SpaceX has launched about 2500 satellites to support the satellite internet system.
In February, 2020, Gwynne shotwell, President of SpaceX, said at an investor event in Miami that the company planned to spin off its "star chain" business and seek an IPO (initial public offering) of the business.
In September 2020, foreign media reported that musk planned to list the "star chain" business in the next few years. At that time, he said: "we are likely to let the star chain business IPO, but the premise is that the revenue growth in the next few years is stable and predictable."
In December, 2020, musk said on twitter that once the revenue growth can be reasonably predicted, SpaceX's "star chain" business is likely to be publicly listed.
In June 2021, musk again provided updates on the star chain IPO. He said that when its cash flow can be reasonably predicted, SpaceX's "star chain" business may be listed. He added: "it will take at least a few years for the revenue of star chain to be reasonably predicted. It will be very painful to go public before that. I will try my best to give Tesla's long-term shareholders the preemptive right in the star chain IPO.".
Recently, musk stressed at a plenary meeting with SpaceX employees that the "star chain" business needs to maintain "stable development" under "good predictability" in order to spin off and become a listed company.