SpaceX could spin off Starlink satellite business and take it public

Elon Musk’s SpaceX plans to spin out and pursue a public offering of its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company. Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, which will start delivering internet services to customers from space this summer, President Gwynne Shotwell said. “Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” said Shotwell, SpaceX’s chief operating officer. “That particular piece is an element of the business that we are likely to spin out and go public.” Starlink would beam down relatively high-speed data from its network of satellites orbiting the Earth.