Elon Musk's internet-satellite business is 'likely' going to spin off from SpaceX and go public, COO reportedly says
Starlink, which plans to offer internet service via satellites in space, is "the right kind of business that we can go ahead and take public," Shotwell reportedly said on Thursday.
SpaceX wants to launch as many as 42,000 satellites and launch the Starlink internet business globally this year.SpaceX, Elon Musk's privately-held space technology company, is planning to spin off its Starlink internet initiative and take the business public, according to"Starlink is the right kind of business that we can go ahead and take public," SpaceX COO Gwynne Shotwell said, according to the report, speaking at a JPMorgan Chase investor event on Thursday.
A SpaceX spokesperson was not immediately available to comment on any plans to spin off Starlink for an eventual IPO. Starlink is working to offer internet service to customers, via its satellites orbiting in space, as early as this summer. Musk said late last year that he was able toA public offering for Starlink would offer a chance to own shares in part of Musk's growing space business.
Astronomers, however, have raised concerns that Starlink satellites could wreak havoc in space, and that they've already
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