{"id":17806,"date":"2020-02-06T23:57:54","date_gmt":"2020-02-06T15:57:54","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/report-spacex-is-planning-to-spin-out-starlink-satellite-broadband-network-and-take-it-public\/"},"modified":"2020-02-06T23:57:54","modified_gmt":"2020-02-06T15:57:54","slug":"report-spacex-is-planning-to-spin-out-starlink-satellite-broadband-network-and-take-it-public","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/report-spacex-is-planning-to-spin-out-starlink-satellite-broadband-network-and-take-it-public\/","title":{"rendered":"Report: SpaceX is planning to spin out Starlink satellite broadband network and take it public"},"content":{"rendered":"<figure id=\"attachment_507802\" aria-describedby=\"caption-attachment-507802\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full-width wp-image-507802\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2019\/06\/190628-starlink-630x361.jpg\" alt=\"Starlink satellites\" width=\"630\" height=\"361\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2019\/06\/190628-starlink-630x361.jpg 630w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2019\/06\/190628-starlink-768x440.jpg 768w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2019\/06\/190628-starlink.jpg 864w\" sizes=\"(max-width: 630px) 100vw, 630px\"><figcaption data-nosnippet=\"\" id=\"caption-attachment-507802\" class=\"wp-caption-text\">An artist\u2019s conception shows the deployment of SpaceX\u2019s Starlink satellites. (SpaceX Illustration)<\/figcaption><\/figure>\n<p>SpaceX President Gwynne Shotwell is quoted as saying that the company is planning to spin out its Starlink satellite internet operation \u2014 which is currently centered in Redmond, Wash. \u2014 and offer shares in an initial public offering.<\/p>\n<ul>\n<li>Bloomberg News reports that Shotwell floated the idea today at a private investor event hosted by JPMorgan Chase &amp; Co. in Miami. \u201cRight now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,\u201d Shotwell was quoted as saying. \u201cThat particular piece is an element of the business that we are likely to spin out and go public.\u201d<\/li>\n<li>SpaceX\u2019s main line of business is building and launching rockets \u2014 including the Falcon 9, Falcon Heavy and a super-rocket known as Starship that\u2019s currently under development. But SpaceX executives, including Shotwell and billionaire CEO Elon Musk, have said Starlink could be a bigger money-maker. When Musk announced the Starlink plan in Seattle in 2015, he said revenue from the satellite operation could fund a city on Mars.<\/li>\n<li>Thanks in part to Musk\u2019s appeal as a tech guru, a Starlink IPO would probably generate huge interest. SpaceX has already launched 240 Starlink satellites and aims to start limited service this year. However, Reuters quoted an unnamed SpaceX source as saying a Starlink IPO won\u2019t happen for several years \u2014 presumably after SpaceX and satellite broadband rivals such as OneWeb and Amazon demonstrate whether a profit can be made.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>An artist\u2019s conception shows the deployment of SpaceX\u2019s Starlink satellites. (SpaceX Illustration) SpaceX President Gwynne Shotwell is quoted as saying that the company is planning to spin out its Starlink satellite internet operation \u2014 which is currently centered in Redmond, Wash. \u2014 and offer shares in an initial public offering. Bloomberg News reports that Shotwell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[252,20,442,316,440],"class_list":["post-17806","post","type-post","status-publish","format-standard","hentry","category-news","tag-broadband","tag-satellite","tag-satellites","tag-spacex","tag-starlink"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17806"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=17806"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17806\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=17806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=17806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=17806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}