Elon Musk firmly denied that SpaceX is considering a spinoff and IPO for its Starlink satellite internet business
New York Elon Musk on Monday firmly denied that SpaceX is considering a spinoff and IPO for its Starlink satellite internet business.
His remarks come after Gwynne Shotwell, SpaceX's chief operating officer, told a group of investors that Starlink is the"right kind of business" for such a move, according to a Bloomberg report published last month that was confirmed by CNN Business. When asked about the Bloomberg report at a satellite conference on Monday, Musk said that SpaceX is putting"zero" thought toward a Starlink IPO, contradicting Shotwell's prior statement.
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