News Formal

SpaceX to spin off space internet business Starlink: report

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

SpaceX is reportedly set to spin off space internet business Starlink

Space Exploration Technologies Corp., or SpaceX, plans to spin off its space-internet business Starlink, according to a Bloomberg report on Thursday that cited SpaceX President and Chief Operating Officer Gwynne Shotwell's remarks at an investor event 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," Shotwell was quoted as saying. "That particular piece is an element of the business that we are likely to spin out and go public." Privately held SpaceX has launched hundreds of Starlink satellites, and Starlink is expected to start delivering internet services this summer. Elon Musk is the chief executive of SpaceX and Tesla Inc. TSLA, +0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

smart move by spacex

Please!!!! I need this asap in Colerain Township, PA! FrontierCorp DSL is awful!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SpaceX could spin off Starlink satellite business and take it publicSpaceX is a private company, but President Gwynne Shotwell said Thursday its satellite business was the right segment to take public. Go getem Buzz Light Year! Infinity and Beyond! Satellite internet is quality said no one ever. This would be MAJOR!!!!!!
Source: latimes - 🏆 11. / 82 Read more »

Elon Musk is hiring at SpaceX, which is hosting a career day Thursday - Business InsiderElon Musk is looking to hire engineers, supervisors, and technicians for his rocket company's Starship project.
Source: BusinessInsider - 🏆 729. / 51 Read more »

SpaceX could spin off Starlink satellite business and take it publicSpaceX is a private company, but President Gwynne Shotwell said Thursday its satellite business was the right segment to take public. Go getem Buzz Light Year! Infinity and Beyond! Satellite internet is quality said no one ever. This would be MAJOR!!!!!!
Source: latimes - 🏆 11. / 82 Read more »