Investors eagerly awaiting
the initial public offering (IPO) of SpaceX's Starlink satellite-internet business will have to cool their heels for a while.
SpaceX founder and
CEO Elon Musk said the company likely won't take its Starlink branch public for another three to four years
Starlink needs to be
"in a smooth-sailing situation" with "good predictability," Musk said during the meeting
Any such move would
be a big deal for investors and for SpaceX, which remains a privately traded company.
SpaceX sees Starlink as
crucial to the company's long-term goals. For example, Musk has said that revenue generated by the satellite-internet constellation will help SpaceX develop Starship
SpaceX has launched
more than 2,600 Starlink satellites to date, and the network is providing broadband service to more than 400,000 subscribers