SpaceX Intends to Spin Off, Take Public Space Internet Business; Gwynne Shotwell Quoted

Gwynne Shotwell
Gwynne Shotwell

SpaceX plans to spin off and launch an initial public offering for its space internet subsidiary Starlink, Bloomberg reported Friday.

“Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” Gwynne Shotwell, president and chief operating officer of SpaceX and a three-time Wash100 award winner, said Thursday at a JPMorgan Chase & Co.-hosted event in Miami. “That particular piece is an element of the business that we are likely to spin out and go public.”

She said SpaceX has brought to space more than 240 satellites for Starlink, which will begin delivering space internet services to clients by summer.

Shotwell noted SpaceX expects to have worldwide high-speed internet coverage by the end of 2020 through Starlink’s satellite network. “This is going to turn SpaceX into a company that is providing service to consumers, which we are excited about,” she added.

You may also be interested in...

Microsoft

Microsoft Azure Government Now Offers 142 Services With FedRAMP’s High Provisional Authorization

Microsoft now has 142 cloud services certified with high provisional authorization to operate under the Federal Risk and Authorization Management Program, which aims to standardize the security of cloud products used in the federal government. The company said in a blog post published Thursday its offerings under the Azure Government cloud work to boost the security and compliance of federal agencies.

MCR Federal

MCR Federal Working to Provide Space Force With Modernized C2 Software

MCR Federal secured a contract in May to help the U.S. Space Force implement new command and control software equipped with modernized applications in an effort to replace aging space C2 software tools.

X-57 Maxwell

NASA to Hold High-Voltage Ground Tests for X-57 Electric Aircraft

NASA is slated to conduct ground tests for high-voltage operation of an experimental plane being designed by Empirical Systems Aerospace to help the agency create certification requirements for electric aircraft units.