There has been growing speculation about a potential IPO spinoff for Starlink, the satellite internet constellation owned by SpaceX.
According to sources familiar with the matter, Bloomberg reports that Starlink may be spun off through an IPO by late 2024. This aligns with the sentiments of billionaire investor Ron Baron, who suggested in a CNBC interview that a Starlink IPO could occur around 2027. Baron speculated that SpaceX could be valued between $250 billion to $300 billion by that time.
Currently, SpaceX has not provided any official response regarding the plans for a Starlink IPO.
Starlink’s Impact: Elon Musk Steps Up, Broadening Starlink Internet Connectivity to Aid Organizations in Gaza
In a recent tweet, SpaceX CEO Elon Musk shared that Starlink has achieved breakeven cash flow and highlighted its significant presence in the realm of active satellites. Musk further emphasized that Starlink is on track to launch the majority of all satellites from Earth by next year.
As reported by the Wall Street Journal in September, Starlink garnered $1.4 billion in revenue for 2022, a substantial increase from $222 million the previous year. The Journal attributed this information to recently reviewed documents. At that period, SpaceX was estimated to be valued at approximately $150 billion.
Moreover, Musk made it known last month that internationally recognized aid organizations operating in Gaza would be provided with internet connectivity through Starlink.
It is worth noting that Starlink’s promising future has captivated both investors and analysts alike, as it continues to revolutionize satellite internet technology. The speculations about a potential IPO serve as a testament to the significant impact Starlink has already made in the industry.