/sci/ - Science & Math

Ron Baron expects SpaceX’s Starlink to go public around 2027
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https://www.cnbc.com/2023/11/10/ron-baron-expects-spacexs-starlink-to-go-public-around-2027.html
> Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.”
> “We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said, speaking to CNBC’s Andrew Ross Sorkin.
> The company’s leadership, including Musk, have discussed spinning off Starlink to take it public through an initial public offering once the business was “in a smooth sailing situation.” But timing of a Starlink IPO remains uncertain. Last year, Musk told employees that taking the business public wasn’t likely until 2025 or later.
> Asked why Musk would take public part or all of his space company, which has been private since its founding in 2002, Baron said “a lot of people have been investors for a long time and they probably want exits.”