Massdriver Posted February 6, 2020 Share Posted February 6, 2020 Quote Elon Musk’s SpaceX plans to spin out and pursue a public offering of its 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 Thursday at a private investor event hosted by JPMorgan Chase & Co. in Miami. “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.” Investors have to this point had limited ways to own a piece of SpaceX, which has become one of the most richly valued venture-backed companies in the U.S. by dominating the commercial rocket industry. It flies satellites into orbit for customers including the U.S. military, carries cargo to the International Space Station and aims to start flying NASA astronauts and high-paying tourists soon. But the rocket-launch business remains competitive and tough. Starlink and its ability to provide high-speed internet across the globe has helped private investors in SpaceX justify a roughly $33 billion valuation. Musk has long maintained that the parent is unlikely to go public until it is regularly ferrying people to Mars. Full article: https://www.bloomberg.com/news/articles/2020-02-06/spacex-likely-to-spin-off-starlink-business-and-pursue-an-ipo Quote Link to comment Share on other sites More sharing options...
stepee Posted February 6, 2020 Share Posted February 6, 2020 nice I played through it on switch and loved it, I hope they drop the toys this time though and just focus on the core game. Also just make it Nintendo exclusive and add the star fox characters more extensively. 1 Quote Link to comment Share on other sites More sharing options...
SilentWorld Posted February 6, 2020 Share Posted February 6, 2020 22 minutes ago, stepee said: nice I played through it on switch and loved it, I hope they drop the toys this time though and just focus on the core game. Also just make it Nintendo exclusive and add the star fox characters more extensively. wat Quote Link to comment Share on other sites More sharing options...
TwinIon Posted February 6, 2020 Share Posted February 6, 2020 While I have some reservations about the idea of space based internet, I do hope they can provide some meaningful competition to existing carriers. If this IPO helps that, I'm happy to see it happen. Quote Link to comment Share on other sites More sharing options...
Comet Posted February 6, 2020 Share Posted February 6, 2020 1 hour ago, stepee said: nice I played through it on switch and loved it, I hope they drop the toys this time though and just focus on the core game. Also just make it Nintendo exclusive and add the star fox characters more extensively. SpaceX and StarFox, name a better duo Quote Link to comment Share on other sites More sharing options...
Massdriver Posted February 6, 2020 Author Share Posted February 6, 2020 25 minutes ago, TwinIon said: While I have some reservations about the idea of space based internet, I do hope they can provide some meaningful competition to existing carriers. If this IPO helps that, I'm happy to see it happen. I hope they can do a good job of mitigating issues they cause for astronomers, but I’m otherwise really excited. Our family has some rural property and fixed wireless could use some serious competition. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.