SpaceX could hold an initial public offering of its Starlink satellite division in late 2024, Bloomberg reports citing sources. The company transferred Starlink’s assets to its subsidiary, which will be spun off as part of the initial public offering.
The company has not yet made a final decision, but it is possible that SpaceX will ultimately retain the division. The publication’s interlocutors also noted that the IPO could be postponed until 2025. Elon Musk called The information from the IPO agency is false.
SpaceX has been implementing the Starlink project since 2018. The project is an extensive network of satellites located in low Earth orbit, whose task is to distribute high-speed Internet to any location on Earth.
In 2022, Elon Musk allowed for an initial public offering of Starlink in 2025. For a company to go public, it must operate “predictably” and sail “smoothly.”
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
