SpaceX Plans to Spin Off Its Starlink Satellite Internet Business

SpaceX Plans to Spin Off Its Starlink Satellite Internet Business

4 years ago
Anonymous $-riAjkQg_1

https://www.entrepreneur.com/article/346059

SpaceX chief Elon Musk declared years ago that the company won't go public until its Mars vehicle is regularly flying people to the red planet. You might get the chance to own a piece of the company earlier than that, though: According to Bloomberg, SpaceX is thinking of spinning out Starlink, its space internet business, and of taking it public.

Company president Gwynne Shotwell has revealed those plans at a meeting with investors, telling them that "Starlink is the right kind of business that we can go ahead and take public." SpaceX has also confirmed to Quartz that it's considering a Starlink spinoff in the coming years.