American aerospace company SpaceX is expected to take its satellite division Starlink public by 2027, according to Ron Baron, the CEO of investment firm Baron Capital and a billionaire himself.
“We believe that by the time they go public with SpaceX, with Starlink (…) in 2027 or so, four years from now, the company will be worth $250-300 billion,” Baron said in an interview with CNBC.
Baron is known for his support of Elon Musk’s companies. Tesla and SpaceX stocks are among the largest holdings in Baron Capital’s portfolio. Earlier in November, Baron told MarketWatch that his company’s stake in SpaceX is worth around $1.7 billion.
This move to take Starlink public could potentially mark another milestone for SpaceX and further boost its valuation. Starlink’s satellite internet constellation aims to provide global broadband coverage, and the division has already launched over 1,700 satellites into orbit.
By going public, Starlink could unlock additional capital for expansion and continue to improve its services. It would also give investors the opportunity to participate in the growing space industry. However, the exact timeline and details of the initial public offering (IPO) are yet to be determined.
SpaceX has been a driving force in the commercial space industry, successfully launching and landing reusable rockets and revolutionizing space travel. With the potential public debut of Starlink, the company’s value could significantly increase, solidifying its position as a leader in the aerospace industry.