Musk’s SpaceX plans spinoff, IPO for Starlink: Bloomberg By Reuters

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>


(Reuters) – Elon Musk’s SpaceX plans to spin off its internet venture, Starlink and pursue an initial public offering for the unit, Bloomberg reported on Thursday, citing the rocket company’s chief operating officer, Gwynne Shotwell.

“Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” Shotwell was quoted as saying at a private investor event hosted by JPMorgan Chase (NYSE:) & Co in Miami.

SpaceX did not immediately return calls from Reuters seeking comment.

Musk said last year that Starlink venture was an important new revenue stream for his California-based Space Exploration Technologies, or SpaceX.

The private rocket company launched the first batch of 60 small satellites into low-Earth orbit in May for Starlink internet service.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*