Elon Musk denies report of potential Starlink IPO in 2024


FILE PHOTO: SpaceX Starlink 5 satellites are pictured in the sky seen from Svendborg on South Funen, Denmark April 21, 2020. Picture taken with long exposure. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS

(Reuters) - Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024.

He called it "false" in a reply to a post on social media platform X that shared a Bloomberg News report saying SpaceX had been moving the unit's assets to a wholly owned unit that would ultimately be spun off.

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