Max Q: Will Starlink IPO?
Hello and welcome back to Max Q!
In this problem:
- Cash flow stalled for Starlink
- Kuva Space News and More
SpaceX’s Starlink has “reached the cash flow threshold,” CEO Elon Musk said, a landmark achievement for the rocket company’s four-year-old satellite internet business unit.
He announced the news in a post on X, the social media platform he also owns. He added that Starlink “also now represents the majority of all active satellites and will have cumulatively launched the majority of all satellites from Earth by next year.” The news raises the question of if – or when – Starlink will ever join the public markets via an IPO.
Image credits: EspaceX
More news from TC and beyond
Federal Aviation Administration to have finished a key part of the launch license exam for SpaceX’s Starship, bringing the company closer to a second launch.
Kuva Spacea hyperspectral imaging startup founded in Finland, closed an operation worth 16.6 million euros ($17.6 million) Series A funding round that aims to deploy up to 100 satellites by the end of the decade.
Sierra Space The Dream Chaser space plane is approaches its first test flight after years of development.
EspaceX and United Launch Alliance obtained a contract with the US Space Force for 21 launches, with a total value of $2.5 billion.
Galactic Virgo led his fifth crew suborbital mission.
Zephr came out of stealth with radical plans to significantly improve GPS – using cell phones without any hardware modifications.
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