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.

Sam Mendoza

2 years ago

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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.

www.bloomberg.com

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