SpaceX is considering spinning off its Starlink satellite business in the next several years, creating a separate company through an initial public stock offering.
Starlink is SpaceX's plan to build an interconnected network of about 12,000 small satellites, to provide high-speed internet to anywhere in the world.
It's a project for which SpaceX has been steadily raising capital, as President and COO Gwynne Shotwell said two years ago "it will cost the company about $10 billion or more" to build the Starlink network. Last year,, with recent investor Ontario Teachers noting the future growth potential of Starlink.
If SpaceX can overcome the technological challenges of building and distributing this service, the company is optimistic on its potential demand and revenue. SpaceX CEO in May estimated that Starlink could bring in revenue of $30 billion a year – or about 10 times the highest annual revenue it expects from its core rocket business.
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