(CercleFinance.com) – SpaceX would consider splitting Starlink via an IPO, Bloomberg reported today.
SpaceX is discussing an IPO for its Starlink satellite business as early as late 2024, people told the news agency in a bid to capitalize on strong demand for communications through space.
To prepare, SpaceX transferred the satellite unit’s assets to a wholly owned subsidiary that would ultimately be spun off in the IPO, Bloomberg reports.
Starlink could generate some $10 billion in sales next year, the news agency said.
Remember that Starlink satellites broadcast high-speed Internet from space.
Starlink is a collection of thousands of satellites orbiting the planet, at a much lower altitude (around 550 km) and across the entire globe. Since Starlink satellites are in low orbit, the latency is significantly lower, around 25ms instead of the usual 600+ms.
Starlink is the world’s first and largest satellite constellation to provide high-speed Internet capable of supporting especially streaming, online gaming, video calling.
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