SpaceX’s Shotwell Downplays Potential IPO for Starlink (2)

SpaceX isn’t making an initial public offering of its Starlink unit a priority at the moment, according to Gwynne Shotwell, the company’s chief operating officer.

“We are not focused on an IPO for Starlink right now,” Shotwell said Tuesday at an industry conference. The company is instead aiming at improving the product, including transmission speeds, she said.

SpaceX executives have hinted over the years at the possibility of a Starlink IPO. Shotwell first floated the idea of a spinoff for Starlink in 2020, but Chief Executive Officer Elon Musk has said that it doesn’t make sense to take the ...