Starlink, another venture by Elon Musk, aims to provide global internet coverage through a network of satellites.
As part of SpaceX, Starlink has been making significant strides in delivering high-speed internet to underserved areas around the world. Elon Musk has stated that Starlink is currently the only high-bandwidth internet system providing global coverage. He also claimed that by next year, Starlink could be responsible for carrying 90 percent of all space-based internet traffic.
Investors are watching closely for Starlink’s IPO, which could offer a unique opportunity to invest in space-based technology and global telecommunications.
Starlink IPO
With over 1 million users worldwide, including 95,000 in the UK alone, Starlink is quickly becoming a force to be reckoned with. If you’re interested in investing in this revolutionary venture, fill out the form below to find out more.
Why do companies offer IPOs?
Companies raise capital from the capital markets through an IPO. The capital raised could be used for various business requirements such as capacity expansion, product diversification, entry into a new region, major R&D initiatives, merger and acquisition activities, etc. Disclosure of the proposed use of the funds must be mentioned in the offering memorandum.
The advantage for a company to raise capital through an IPO over other traditional financing channels such as loans is public visibility and the opportunity to enhance market capitalization.
The layman gets the opportunity to buy shares and holds a small share of the company’s ownership. Therefore, from a valuation perspective, it makes sense for companies to opt for the IPO route.