Elon Musk could take SpaceX's Starlink business public in 2023 to 'give him a ton of more dry powder,' Chamath Palihapitiya says
Elon Musk could take SpaceX's Starlink satellite-internet business public this year, according to Chamath Palihapitiya.
"[Musk] talked about this on our pod, about the difficulties and the dangers of margin loans and all of that stuff," Palihapitiya said,."He's going to create breathing room for himself. This is the simplest and most obvious way for him to do it. It'll give him a ton of more dry powder." Palihapitiya didn't provide any specific details that would explain why or when Musk could offer a Starlink IPO, and he isn't especially close to Musk to be privy to such a plan.
Palihapitiya is known for taking startup firms public through special purpose acquisition companies, also known as blank check companies, that serve as an alternative to a traditional initial public offering. SPACs were an investor favorite for a large part of 2020Starlink, which provides internet services via thousands of satellites, gained more prominence last year in the wake of Russia's invasion of Ukraine.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
12 Times Elon Musk Replied Lovingly to Elon Musk Quotes on TwitterOh Elon, you’re so funny. No, Elon, you’re the one that’s funny. Oh wait, we’re both Elon!
Consulte Mais informação »
Elon Musk attorneys try to move trial from California to Texas, citing ‘local negativity’Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors and citing “local negativity” toward Musk.
Consulte Mais informação »
Musk says he can't get fair trial in California, wants TexasElon Musk doesn't think he can get a fair trial in San Francisco.
Consulte Mais informação »
Musk says he can't get fair trial in California, wants TexasElon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him.
Consulte Mais informação »
Anthony Fauci says he has 'no idea' what Elon Musk is talking aboutAnthony Fauci says he has 'no idea' what Elon Musk's talking about after the Twitter chief threatened to release the 'Fauci Files'
Consulte Mais informação »
Elon Musk Twitter employees finally get severance agreementsA group of laid off Twitter employees finally got paltry severance agreements. Now they must decide whether to sign, or pursue legal action against Elon Musk's company.
Consulte Mais informação »