Ron Baron expects SpaceX's Starlink to go public around 2027
Publishing timestamp: 2023-11-10 14:33:53
Summary
Billionaire investor Ron Baron expects SpaceX to IPO its Starlink satellite internet service in 2027. He believes the company will be worth $250 billion to $300 billion by that time. Baron is a major backer of Elon Musk's companies, including Tesla and SpaceX. The timing of the Starlink IPO remains uncertain, but SpaceX's valuation has already reached about $150 billion. Musk may consider taking the company public to provide an exit for long-time investors.
Sentiment: POSITIVE
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Keywords: the edge, breaking news: business, technology, breaking news: technology, business news, space industry, business, aerospace and defense industry, transportation, ipo, elon musk, tesla inc,
Source: https://www.cnbc.com/2023/11/10/ron-baron-expects-spacexs-starlink-to-go-public-around-2027.html