SpaceX said Thursday it was considering spinning off its Starlink satellite internet business and taking the segment public.
SpaceX is a private company, and Chief Executive Elon Musk has long said he would not take the firm public until he was ready to achieve his goal of launching humans to Mars. But the company’s satellite business is “the right kind of business that we can go ahead and take public,” company President Gwynne Shotwell told an audience at a private investor event put on in Miami by JPMorgan Chase & Co.
SpaceX has built a steady launch business with its workhorse Falcon 9 rocket and its Falcon Heavy rocket. In 2015, Musk announced that the company would also start building small satellites capable of beaming broadband internet to customers on Earth. SpaceX has started to launch those satellites, though the company does not yet sell internet service.
I think spacex needs that money to get to Mars...
yes!
This would be MAJOR!!!!!!
Satellite internet is quality said no one ever.
Go getem Buzz Light Year! Infinity and Beyond!
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »