SpaceX is considering spinning off its Starlink satellite internet business through an IPO as soon as 2024, Bloomberg reported Wednesday. SpaceX has started moving Starlink’s assets into a fully owned subsidiary to prepare for the spinoff, according to the report, which cautioned that the IPO could be delayed until 2025.

SpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024

SpaceX is considering spinning off its Starlink satellite internet business through an IPO as soon as 2024, Bloomberg reported Wednesday. SpaceX has started moving Starlink’s assets into a fully owned subsidiary to prepare for the spinoff, according to the report, which cautioned that the IPO could be delayed until 2025. SpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024 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 https://www.bloomberg.com/news/articles/2023-11-15/spacex-discusses-spinoff-of-starlink-satellite-unit-through-ipo-as-soon-as-2024?sref=qvN0c6kf&utm_campaign=article_email&utm_content=article-11715&utm_medium=email&utm_source=sg

Sam Mendoza

Alex

Hawaiian Airlines ($HA) becomes the first major U.S. airline to provide complimentary Wi-Fi onboard using SpaceX's Starlink, with CEO Peter Ingram commending SpaceX's technology for its high-quality connectivity. JetBlue Airways ($JBLU) and Delta Air Lines ($DAL) have also introduced free Wi-Fi onboard, with Delta extending the service exclusively to its loyalty program members.

https://www.cnbc.com/2024/02/08/hawaiian-airlines-debuts-spacex-starlink-free-inflight-wi-fi-.html

Hawaiian Airlines ($HA) becomes the first major U.S. airline to provide complimentary Wi-Fi onboard using SpaceX's Starlink, with CEO Peter Ingram commending SpaceX's technology for its high-quality connectivity. JetBlue Airways ($JBLU) and Delta Air Lines ($DAL) have also introduced free Wi-Fi onboard, with Delta extending the service exclusively to its loyalty program members.  https://www.cnbc.com/2024/02/08/hawaiian-airlines-debuts-spacex-starlink-free-inflight-wi-fi-.html

Hawaiian Airlines is the first major U.S. airline to offer the satellite-based service.

Hawaiian Airlines debuts free inflight Wi-Fi from SpaceX's Starlink

Amazon has bought three rocket launches from SpaceX for its satellite internet project. The decision surprised industry experts since the two are competitors.

- Amazon owns a company named Project Kuiper, with the mission of providing internet connection for people around the world by launching satellites.
- This business is a direct competitor of Starlink, SpaceX's subsidiary, which provides the same service.
- Starlink provides coverage in 60 countries and has over 2 million subscribers as of September 2023.
- The business generated $1.4B in 2022, generating a small profit at the beginning of 2023.

https://www.cnbc.com/2023/12/01/amazon-buys-spacex-rocket-launches-for-kuiper-satellite-internet-project.html

#SpaceX 🚀

SpaceX 🚀

Amazon has bought three rocket launches from SpaceX for its satellite internet project. The decision surprised industry experts since the two are competitors.  - Amazon owns a company named Project Kuiper, with the mission of providing internet connection for people around the world by launching satellites. - This business is a direct competitor of Starlink, SpaceX's subsidiary, which provides the same service. - Starlink provides coverage in 60 countries and has over 2 million subscribers as of September 2023. - The business generated $1.4B in 2022, generating a small profit at the beginning of 2023.  https://www.cnbc.com/2023/12/01/amazon-buys-spacex-rocket-launches-for-kuiper-satellite-internet-project.html  #SpaceX 🚀

The move is a surprise from Amazon, given the company's Kuiper system aims to compete with Elon Musk's Starlink in the satellite broadband market.

Sam Mendoza

A group of likeminded people in SpaceX 🚀 are talking about this.