Space Exploration Technologies Corp. has already launched more than 240 satellites to build out Starlink, President Gwynne Shotwell said at a private investor event in February.
A listing would give investors a chance to buy into one of the most promising operations within the closely held company. “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 then.
Investors have to this point had limited ways to own a piece of SpaceX, which has become one of the most richly valued venture-backed companies in the U.S. by dominating the commercial rocket industry.
In addition to a contract from NASA for a version of its next-generation Starship spacecraft that can land astronauts on the moon in 2024, SpaceX also has an agreement with a Japanese entrepreneur for a private flight around the moon in 2023. And it will be ready to launch its first Starship flight to Mars in 2026, Musk said earlier this month.