SpaceX may spin out internet-from-space business and make it public

SpaceX may spin off its massive internet-from-space initiative called Starlink into a separate business and take the company public, according to Gwynne Shotwell, the company’s president. Shotwell made the comments today at an event for private investors in Miami, Florida, Bloomberg reports.

“That particular piece is an element of the business that we are likely to spin out and go public,” Shotwell said, according to Bloomberg. “Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public.”

Starlink is an ambitious proposal: a constellation of nearly 12,000 satellites designed to beam down broadband internet coverage to every part of the globe. So far, SpaceX has launched 240...

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