Elon Musk recently reclaimed the title of the world’s richest person thanks to Tesla shares surging this year. But a spinoff and IPO of Starlink, the satellite-broadband unit of his private space business SpaceX, would make him substantially wealthier—and it may happen sooner than some people think.
In January, venture capitalist Chamath Palihapitiya predicted that a Starlink IPO would happen this year—saying it’d be the biggest deal of 2023. He added that Starlink’s valuation “will be at least half of SpaceX’s current private worth.”
