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The commercial space industry has evolved over the years, giving multiple investment options to investors exploring this sector. However, the white whale of this industry, Elon Musk's SpaceX, remains private, and the Tesla (NASDAQ:TSLA) boss has commented on when that might change.
Taking to Twitter, Mr Musk made comments about Starlink, the part of space exploration firm SpaceX, which is working on providing space-based internet service. The Tesla boss has said that he will opt for Starlink's public debut when it has a more predictable cash flow.
Last year, SpaceX President Gwynne Shotwell had indicated that Starlink could make its mark by going for an IPO after spinning off from SpaceX.
So, when will the Starlink IPO happen?
Those looking for the initial public offering of Starlink will have to wait for some more time likely. Elon Musk has said that an early public debut would be very painful, and he wants to give preference to long-term Tesla shareholders.
Mr Musk's comment came after a user asked people on Twitter if they had an update on Starlink IPO and, if it happens, will Tesla retail investors get extra benefit at the time of Starlin's public debut.
Starlink's business model seems to be promising as it facilitates people to access the internet via satellites that have been put into orbit by SpaceX. A public debut of Starlink would be a huge deal as it is part of the SpaceX group and not like the usual small-cap space startups.
Source:Pixabay
Here's what you should know about Starlink
SpaceX has reportedly 1,500 Starlink satellites in orbit currently. The most recent launch was on May 26, 2021, when SpaceX launched 60 Starlink satellites from the Cape Canaveral Space Force Station in Florida.
Notably, the Starlink service works better in rural areas where regular internet services are costly and wiring up an internet connection is difficult. For using Starlink's service, people have to take up a monthly subscription to Starlink, as an individual makes monthly, quarterly or yearly payment to the local cable company for using the internet service.
The difference between Starlink and traditional satellite is the distance to the earth. Starlink satellites are reportedly 60 times closer to the earth than traditional satellites, which helps them achieve lower latency. Latency is the time taken to transfer data from one point to another, and if the satellite is closer, latency will be low.
The Starlink service is being used on a trial basis in the US, the United Kingdom and nine other countries. In May this year, the company received over 500,000 preorders for the internet service. Over the next few years, Starlink will likely launch 12,000 satellites, and the cost of launching them would be approximately $10 billion.
Can you buy the Starlink stock?
It seems that you will have to wait for some more time before this stock hits the equity market. As per the latest update by Mr Musk, it can be said that there is no confirmed date for the IPO.
However, if you are looking to start investing your money in stock markets, you can start by opening a trading account or get in touch with a stockbroker. Whenever the Starlink shares are up for grabs, you will need a trading account or a stockbroker to book the shares.
