Elon Musk plans IPO for SpaceX's Starlink business.


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Uploaded on Oct 1, 2020

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Elon Musk plans IPO for SpaceX's Starlink business.

ELON MUSK PLANS IPO FOR SPACEX'S STARLINK BUSINESS INTRODUCTION ◦ Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX's space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable. Source: Livemint ALL ABOUT SPACEX ◦ Space Exploration Technologies Corp., t/a SpaceX, is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. ◦ It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. Source: Mirror Review ALL ABOUT STARLINK ◦ Starlink is a satellite internet constellation being constructed by SpaceX providing satellite Internet access. Source: TechCrunch WHAT STARLINK DO? ◦ The constellation will consist of thousands of mass-produced small satellites in low Earth orbit, working in combination with ground transceivers. Source: CNet NEW REVENUE STREAM ◦Musk said last year that Starlink was an important new revenue stream for his California-based Space Exploration Technologies, or SpaceX. Source: News18.com BROADBAND INTERNET ◦ SpaceX President Gwynne Shotwell in February floated the idea of spinning Starlink off for an IPO in the coming years. ◦ SpaceX is racing to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. Source: Livemint SMALL RETAIL INVESTORS ◦Musk, in his tweet, also said he is a "huge fan" of small retail investors and will ensure they get top priority. Source: Livemint CONTROVERSY ◦ Starlink’s enormous constellation of satellites have proven controversial since the first set was launched last year. ◦ Some complain they obstruct the night sky and the European Space Agency said it had to alter the trajectory of one of its observation satellites to avoid a collision with a Starlink satellite. Source: VCCircle WHAT TO WATCH FOR? ◦ The race for space has only just begun and Musk isn’t the only billionaire with his eyes set skyward. ◦ Jeff Bezos will be overseeing Amazon’s own constellation of internet-providing satellites, Project Kuiper, which received FCC approval this summer. Source: Business Insider THANK YOU