Photo Illustration: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images
Another day, another report of Starlink's plans to go public, Hope writes.
Bloomberg's latest reporting today suggests that parent SpaceX is in talks to spin off the satellite internet business as soon as late 2024, but CEO Elon Musk denied it with a one-word response on X, "False."
Why it matters: Starlink is a significant driver of SpaceX's valuation, which has skyrocketed (pun intended) from $28 billion in 2018 to $150 billion this year.
Investor interest has naturally followed — especially as prominent shareholders throw out expectations like Ron Baron did last week, saying that SpaceX could be worth $500 billion by 2030.
Be smart: Musk has said Starlink would go public once its cash flow was more predictable.
Earlier this month, he posted on X that the unit had achieved breakeven cash flow.
