Billionaire investor Ron Baron told on Friday that he anticipates SpaceX will take its Starlink satellite internet service public through an IPO “around 2027.”
“We believe that by the time SpaceX goes public with Starlink, which we expect to be in about four years, the company will be valued at $250 billion to $300 billion,” Baron stated during an interview.
Baron is a significant supporter of Elon Musk’s ventures, with Tesla and SpaceX among the largest holdings in Baron Capital’s portfolio.
Earlier this month, Baron mentioned that his firm’s investment in SpaceX is currently valued at approximately $1.7 billion.
The company’s leadership, including Musk, has discussed the possibility of spinning off Starlink and taking it public through an IPO once the business reaches a stable operational phase. However, the timing of a Starlink IPO remains uncertain.
Last year, Musk informed employees that a public offering of the business was unlikely before 2025 or later.
Earlier this month, Musk announced that Starlink had “achieved breakeven cash flow,” although he did not clarify whether this milestone was achieved on an operational basis or over a specific period.
To date, SpaceX has launched over 5,000 Starlink satellites and claims the service has more than two million subscribers.
SpaceX’s valuation has soared to approximately $150 billion, with Starlink viewed as a significant economic driver of the company’s objectives.
When asked why Musk might consider taking part or all of his space company public, given that it has remained private since its founding in 2002, Baron explained, “A lot of investors have been involved for a long time, and they probably want exits.”
“I don’t want an exit in my lifetime, but there are people who do,” Baron added.
