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SpaceX’s Home Internet Service May Be Spun Off into a Public Company

One hot cord cutting topic these days is the new high-speed Internet services. SpaceX has been one of the leaders in this effort with a new high-speed Internet service offered from space. Now SpaceX is looking at spinning the company off into a publicly traded company.

“Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,” said Gwynne Shotwell, the chief operating officer at SpaceX during a talk at the JPMorgan Chase & Co. investors event in Miami. “That particular piece is an element of the business that we are likely to spin out and go public.”

How much will SpaceX Internet service cost? We still don’t know, but earlier this year at SXSW SpaceX Chief Executive Elon Musk said it would be “low cost.” Exactly how low is unknown, but reports are that SpaceX hopes to make its Internet service extremely competitive. SpaceX also plans to offer high speed Internet in North America sometime in early 2020.

SpaceX is not the only company working on a new home Internet service. Amazon and others are also working to launch satellites to offer high speed Internet. Soon you may have several new home Internet options.

Would you buy stock in SpaceX’s home Internet service? Leave a comment and let us know.

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