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

Our Score
Click to rate this post!
[Total: 0 Average: 0]


Please enter your comment!
Please enter your name here

Must Read

Huawei has released cheap smart TVs on its own OS

Huawei has shown the new smart TVs of the X1 Smart TV line, which it will be releasing underits subsidiary brand Honor....

14 Easy and Enjoyable Road Trips to Take from Kolkata.

Kolkata, the City of Joy, is about beautiful colonial buildings, idyllic trams, sinful Bengali treats, energy-packed football matches and brilliant literature. There...

Travelling from Delhi to Manali by Road: Distance, Time, Routes & Stopovers.

One that ensures your safety and promises fun at the same time, of course. Fortunately, there are a lot of beautiful hill stations...

7 Best Shopping Malls in Delhi

Delhi’s vibrant street shopping markets, state emporiums and high-end designer boutiques have lured people from all parts of the country. But, the...

5 Best Places to Visit in Himachal Pradesh for Vacation

Himachal Pradesh is India’s favourite outdoor adventure destination. Spread across hills and valleys and crisscrossed by magnificent rivers, the region abounds in...
Click to rate this post!
[Total: 0 Average: 0]