Home Gadgets Internet SpaceX plans IPO for Starlink

SpaceX plans IPO for Starlink

Elon Musk’s SpaceX is planning to list its space Internet venture, Starlink.

This comes as Jeff Bezos’ e-commerce giant Amazon prepares to build its Internet network through its Project Kuiper by rolling out 3,000 satellites in low-Earth orbit.

SpaceX currently has 240 satellites orbiting Earth after launching Starlink satellites in the batches of 60 since May. The launch of broadband Internet service is aimed to be operational by the end of 2020. There is a possibility of Starlink going public, Bloomberg reported quoting COO Gwynne Shotwell.

Shotwell made this statement on the day of the key launch from the company’s main competitor OneWeb Satellites, a venture-backed by SoftBank.

Starlink is an important revenue stream for SpaceX, said Musk last year. A planned network of 30,000 satellites in low-Earth orbit for broadband Internet globally is known as Starlink constellation.

For Latest Gadgets and Upcoming Phones Follow Us on – Facebook – Twitter and on our Website


Please enter your comment!
Please enter your name here

Must Read

BCCI President Sourav Ganguly got a heart attack.

At around 1130 AM, BCCI President and former Indian Cricket player Sourav Ganguly, got unconscious while working out in the gym at...

Samsung introduced the Galaxy F62- Specs & Pricing

Samsung introduced the Galaxy F62 on February 15 2021 in India with an Exynos 9825 SoC and a big 7,000 mAh battery....

Xiaomi Mi 10i 5G Full Specification And Price In India

Xiaomi Mi 10i 5G Full Specification is back with a bang to the mid-range segment with the Xiaomi Mi 10i 5G. The...

Varun Dhawan and Natasha Dalal tied the knot.

Varun Dhawan and Natasha Dalal tied the knot and made their love official on the 24th of January 2021.

Apple iPhone 12 Pro Coming Soon Release 2021, January

Check At AmazonApple iPhone 12 Pro SummaryiPhone 12 Pro smartphone was...