Hyperdrive
SpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024
- Starlink satellites beam down high-speed internet from space
- Starlink could generate some $10 billion in sales next year
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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.