SpaceX plans IPO of its Starlink unit

Posted on Friday, Feb 07 2020 @ 20:15 CET by Thomas De Maesschalck
SpaceX logo
SpaceX is hard at work to get its Starlink service operational. The company already has over 240 satellites in orbit and plans to launch thousands more to create world's first, high-speed, low-latency satellite Internet service. The first customers will reportedly be signed on this Summer and President Gwynne Shotwell promises Starlink will offer much faster Internet than what you're now getting - at a lower price.
“This is going to turn SpaceX into a company that is providing service to consumers, which we are excited about,” Shotwell said. The company has been launching roughly 60 satellites at a time into orbit, and with another four launches expects to have global coverage. Shotwell said that service will be “less than what you are paying now for about five to 10 times the speed you are getting.”
Bloomberg writes SpaceX is considering to spin off Starlink:
“Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” said Shotwell, SpaceX’s chief operating officer. “That particular piece is an element of the business that we are likely to spin out and go public.”
How this will be structured remains a big question mark. Previously, it was believed that Starlink would be the main revenue generator of SpaceX, to fuel the company's Mars ambitions.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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