SpaceX Considers Spinning Off Starlink Via IPA Next Year Written 16 November 2023
View of the 60 Starlink satellites from the 24 May 2019 launch. | Credit: Official SpaceX Photos, CC0/Wikimedia Commons
Bloomberg reports that SpaceX is “discussing an initial public offering for its fast-growing Starlink satellite business as soon as late 2024, people with knowledge of the matter said, in a bid to capitalize on robust demand for communications via space.” To get ready, SpaceX “has been moving the satellite unit’s assets to a wholly owned subsidiary that would ultimately be spun off in the IPO, said one of the people, who asked not to be identified because the conversations are private.”
Full Story (Bloomberg)