Starlink, a spinoff of SpaceX, was founded by Elon Musk. The project was anounced in 2015, opening preorders in 2021. The possibility of Starlink going public depends on whether SpaceX, the project's operating company, goes public.
Starlink is a satellite internet constellation, or, in other words, a network of satellites that provide customers with internet connectivity. This technology is particularly important in parts of the world where traditional internet infrastructure is limited or non-existent. Additionally, Starlink offers celluar service. SpaceX has raised more than $11 billion in venture capital funding from investors such as Andreessen Horowitz, Sequoia Capital, Founders Fund, Google, and Fidelity. SpaceX was valued at $137 billion at the start of 2023.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.