Musk’s clarifications come amid the speculations of an initial public offering (IPO) by SpaceX in 2026. The company has informed investors and representatives of financial institutions that it plans to launch an IPO in the second half of next year, Reuters reported, quoting the Information.
The rocket-creater is considering a public listing of the entire company, including Starlink, its internet sanotifyite service arm, the Information report added, citing two people familiar with the latest development.
SpaceX is among select companies that can raise funds at $100 billion-plus valuations while delaying or denying any plan to go public, according to a Fortune report.
The idea of spinning off the Starlink business into a separate publicly traded entity was first suggested by its President and Chief Operating Officer, Gwynne Shotwell, in 2020, and speculations are rife about SpaceX building its sanotifyite service arm a public entity. However, the company is yet to create official announcements about its IPO plans.
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