Published: November 15, 2023 at 11:28 a.m. ET
The discussion about an IPO spinoff revolves around Starlink, SpaceX’s own satellite internet constellation.
Citing people with knowledge of the matter, Bloombeg reports that Starlink could be spun off via an IPO by the end of 2024. Last week, billionaire investor Ron Baron – the founder, CEO and portfolio manager of Baron Capital – told CNBC that he expected a Starlink IPO could happen around 2027, with SpaceX valued at around $250 billion to $300 billion by then. dollars would have.
SpaceX…
The discussion about an IPO spinoff revolves around Starlink, SpaceX’s own satellite internet constellation.
Citing people with knowledge of the matter, Bloombeg reports that Starlink could be spun off via an IPO by the end of 2024. Last week, billionaire investor Ron Baron – the founder, CEO and portfolio manager of Baron Capital – told CNBC that he expected a Starlink IPO could happen around 2027, with SpaceX valued at around $250 billion to $300 billion by then. dollars would have.
SpaceX has not yet responded to a request for comment on possible Starlink IPO plans.
Related: Elon Musk provides Starlink internet connectivity to aid organizations in Gaza
Earlier this month, SpaceX CEO Elon Musk tweeted that Starlink had achieved cash flow breakeven, noting that Starlink also accounts for a majority of all active satellites. Musk added that Starlink will cumulatively launch a majority of all satellites from Earth by next year.
Starlink reported revenue of $1.4 billion in 2022, up from $222 million a year earlier, the Wall Street Journal reported in September, citing recently reviewed documents. At the time, SpaceX was worth around $150 billion, the report said.
Last month, Musk said Starlink would provide internet connectivity to internationally recognized aid organizations in Gaza.
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