Elon Musk denies report of Starlink IPO plans, calls it 'false'

livemint.com:

Elon Musk has denied a report that his rocket company was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. Musk called the report 'false' on the social media platform X, saying SpaceX had been moving the unit's assets to a wholly owned unit that would ultimately be spun off. Elon Musk's SpaceX will be worth half-a-trillion dollars by 2030: Billionaire investor explains why SpaceX has an estimated value of $150 billion and was the first private company to send humans into orbit.

The Starlink unit is the world's largest satellite operator. On Thursday, SpaceX received approval for the second launch of its groundbreaking Starship rocket by FAA. The US Federal Aviation Administration reinstated SpaceX’s Starship launch license, and noted, “SpaceX met all safety, environmental, policy and financial responsibility requirements".

Israel and Gaza conflict: Elon Musk offers Starlink to help restore internet Starship — the largest and most powerful rocket ever developed — is key to Musk’s ambitions of carrying payloads and people to distant destinations like the moon and Mars. Starship will also be used for launching the company’s next-generation Starlink satellites meant to increase the capacity of the internet-from-space initiative. Elon Musk's SpaceX Partners with Qatar Airways: Free 350Mbps Starlink WiFi for Passengers The approval is an important milestone for SpaceX after the agency grounded the rocket in the wake of its first test flight on April 20.