Sat. Dec 2nd, 2023
SpaceX’s Starlink Satellite Internet Service Expected to IPO in 2027, Says Investor Ron Baron

Billionaire investor Ron Baron expressed his belief that SpaceX will initiate an initial public offering (IPO) for its Starlink satellite internet service sometime around 2027. Baron, a prominent supporter of Elon Musk’s ventures, stated that he anticipates the company to be valued between $250 billion to $300 billion by the time it goes public.

Baron, whose firm Baron Capital has significant investments in Tesla and SpaceX, considers the latter to be one of his largest holdings, with its stock valued at approximately $1.7 billion. However, SpaceX has yet to comment on Baron’s statement.

SpaceX’s leadership, including Elon Musk, has discussed the possibility of spinning off Starlink and taking it public through an IPO. However, the exact timing for such an IPO remains uncertain. Musk informed his employees last year that going public with Starlink would likely occur in 2025 or later.

Recently, Musk announced that Starlink has achieved breakeven cash flow, although it is unclear whether this milestone was reached on an operating basis or for a specific period. SpaceX has successfully launched over 5,000 Starlink satellites and boasts a subscriber base of over two million individuals. Starlink is seen as a crucial element in driving the company’s ambitious objectives.

When asked about Musk’s potential decision to make SpaceX public, Baron suggested that some long-term investors might desire an exit strategy. While Baron himself is not seeking an exit, he acknowledged that others may have different objectives.

In summary, Ron Baron, a billionaire investor, expects SpaceX to conduct an IPO for its Starlink satellite internet service around 2027. SpaceX’s leadership has previously mentioned the possibility of going public but has not provided a confirmed timeline for a Starlink IPO.