SpaceX discusses Spinning off starlink via ipo as soon as 2024 ‎

SpaceX is discussing an initial public offering for its fast-growing Starlink satellite business as soon as late 2024, people with knowledge of the matter said, in a bid to capitalize on robust demand for communications via space.

To get ready, SpaceX has been moving the satellite unit’s assets to a wholly owned subsidiary that would ultimately be spun off in the IPO, said one of the people, who asked not to be identified because the conversations are private.

Elon Musk, SpaceX’s founder and chief executive officer, has been dangling the prospect of a Starlink IPO for years, but the timing of an offering has been unclear. Musk said in 2021 the space-based internet service would list shares once it could make predictions “reasonably well” about cash flow, a closely watched measure of a business’s financial health.

Founded in 2002, SpaceX owns a constellation of more than 5,000 satellites orbiting Earth and providing high-speed internet connectivity for customers in more than 60 countries. The company’s pledged billions of dollars to build out the constellation.