SpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024 (1)

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.

No final decisions have been made and it’s possible that SpaceX retains the unit. The listing could also be delayed to 2025, ...