businessUpdated: Dec 26, 2020, 03:50 ISTBillionaire Elon Musk said it is “impossible” to take EV maker Tesla Inc. private now even though he would have liked to spend more time on innovation. “Tesla public company duties are a much bigger factor, but going private is impossible now (sigh),” Musk said in response to a tweet saying he should optimise his time in areas such as innovation. The gain is twice the advance of the next best performer on the gauge. Musk also said Starlink, SpaceX’s space-internet business, would likely be a candidate in his group to go public once its revenue growth becomes “reasonably predictable”. SpaceX has already launched more than 240 satellites to build out Starlink.

Source: Hindustan Times December 25, 2020 22:22 UTC