(CNBC) SpaceX’s broadband service Starlink will list when its cash flow becomes more predictable, according to CEO Elon Musk.
Musk says going public prematurely would be very painful for Starlink, even as he promised to give Tesla shareholders priority.
Starlink seeks to avail faster internet by improving access across the world, especially in parts not served by broadband providers.
SpaceX’s Starlink currently serves 11 countries and in May, Musk said the company had received at least 500,000 preorders for internet service.
Starlink expects to offer continuous coverage by September, with about 1,800 satellites deployed already.
The company plans to launch 12,000 satellites for an estimated cost of $10 billion and get regulatory approvals for its telecoms’ services globally.
SpaceX CEO Musk expects Starlink to be an important source of funding for other purposes such as sending humans to Mars.
Musk expects SpaceX to generate as much as $30 billion a year from its broadband service.
