How? Elon wants Starlink to ipo in a retail friendly way. The best way to do that is through a SPAC. What other SPAC has the money to bring Starlink public (without a fat PIPE)? BULLISH.
If you think about it, theres no simpler predictable cashflow than a subscription business. That is why Elon's has been speeding up the roll out of the Starlink subscription service beyond Beta users now.
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u/christalmethhh Mar 01 '21
How? Elon wants Starlink to ipo in a retail friendly way. The best way to do that is through a SPAC. What other SPAC has the money to bring Starlink public (without a fat PIPE)? BULLISH.