The space company SpaceX from Tesla founder Elon Musk will split off its Starlink Internet division and launch it on the stock exchange. Starlink is the right business for such a step, as Bloomberg quotes SpaceX board member Gwynne Shotwell.
Musk had called Starlink an important new revenue stream for SpaceX last year.
What is Starlink?
Starlink is a planned global satellite network that will provide Internet access in the US from mid-2020 and almost worldwide in 2021.