IPO spinoff talk swirls around SpaceX’s Starlink

IPO spinoff talk is swirling around Starlink, the SpaceX-owned satellite internet constellation.

Citing people with knowledge of the matter, Bloomberg reports that Starlink could be spun off via IPO by late 2024. Last week billionaire investor Ron Baron — the founder, chief executive officer and portfolio manager at Baron Capital — told CNBC that he expects a Starlink IPO could happen around 2027, with SpaceX worth around $250 billion to $300 billion by that time.

SpaceX has not yet responded to a request for comment on possible Starlink IPO plans…Read Full Article