You could also turn it into a public company.
2 min read
This story originally appeared on Engadget
A few years ago, SpaceX's boss, Elon Musk , would not be made public until his Mars vehicle will take people to the red planet. However, you may have the opportunity to own a part of the company before that: According to, SpaceX is thinking of splitting Starlink , its space Internet business, and making it a public company.
The company's president, Gwynne Shotwell, revealed these plans at a meeting with investors and told them that “Starlink is the right kind of business we can make public.” SpaceX has also confirmed that it is considering doing a Starlink spin-off in the coming years.
SpaceX to create a constellation of devices that take the internet to everyone. By mid-2020 there could be up to 12,000 satellites in the constellation. SpaceX expects to start offering satellite Internet to customers.
Shotwell said at the meeting that Starlink will cost “less than what he is paying now for about five to 10 times the speed he is getting.” Despite its promise of an affordable but fast Internet, SpaceX expects the business to earn a lot of money. When Musk first spoke of his vision of an Internet satellite network, d “is intended to generate a significant amount of revenue and help finance a city on Mars.”
SpaceX might want to get Starlink to be able to make the most money. You may also want Starlink to become a business in its own right, so that the spin-off can generate revenue while the main company concentrates on building rockets.