Elon Musk’s SpaceX reveals plans to spin off its Starlink internet satellite business within a few years as astronomers claim the night sky will never be the same

Elon Musk’s SpaceX is planning to spin off its controversial internet satellite venture, Starlink, and pursue an initial public offering for the unit within a few years. Chief operating officer Gwynne Shotwell revealed the California-based rocket company’s plans at a private investor event hosted by JPMorgan Chase & Co in Miami on Thursday. ‘Right now, we are a private company, but Starlink is the right kind of business that we can go ahead and take public,’ she said, according to Bloomberg. ‘That particular piece is an element of the business that we are likely to spin out and go public.’ A company official confirmed to Reuters that SpaceX plans to list its space internet venture, Starlink, but not for several years.  Scroll down for video  Elon Musk envisions Earth’s orbit swarming with SpaceX’s Starlink satellites. The CEO has just filed paperwork with the International Telecommunications Union for the operation of 30,000 more small devices (pictured is a simulation of Starlinks blanketing Earth with broadband)  Elon Musk is behind SpaceX and its project, Starlink, which aims to launch thousands of satellites capable of providing high speed, low-latency internet Starlink is a planned network of up to 30,000 satellites in low-Earth orbit intended… Read full this story

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