Elon Musk has written on his social media platform X to complain that his Starlink satellite internet service is “not allowed to operate in South Africa because I’m not black”. The controversial posting immediately drew strong criticism from X users, including Clayson Monyela, South Africa’s head of public diplomacy, who branded it as “not true” […]
SpaceX enjoyed partial success for its Starship test #8 on the evening of March 6th. The rocket’s booster (first) stage performed flawlessly and enjoyed a perfect return to Earth and being captured by the sites ‘chopsticks’. However, the upper stage Starship exploded mid-flight. The SpaceX mishap halted some flights from Florida’s busiest airports for “falling […]
President Donald Trump’s negative comments on Mexico, endorsed by Elon Musk, seems to have upset Carlos Slim, one of the richest people in the world and who heads up Mexico’s América Móvil telco. Slim has reportedly decided to cancel his collaboration with Musk’s Starlink. Slim’s company, América Móvil, had previously announced plans to invest $22 […]
SpaceX’s Starlink broadband-by-satellite system is, somewhat later than expected, saying it now has more than 5 million “connections” and is now available in 125 countries and territories. The company said: “Starlink is being used by so many people, businesses, and organisations in more than 125 countries, territories, and other markets around the world, spanning all […]
Online trading moves fast. Traders watch every bit of news that can shake the market. Financial news can make prices soar or crash within minutes. But how exactly does news impact online trading decisions? Let’s break it down in simple terms. The Power of Financial News Financial news covers everything from stock market updates to […]
South Africa has suspended talks over licensing SpaceX’s Starlink service in the country because of tensions with the Donald Trump administration in the US. A Bloomberg report says that “negotiators plan to wait until the dispute between the US and South Africa calm down, with the intention to return to a possible deal at a […]
Last week the South African government, via its ICASA telecoms regulator, held formal public consultations on a proposed licensing plan for satellite services in the country. But SpaceX, and therefore Starlink, declined to appear. SpaceX was due to make a presentation to the hearing, but failed to turn up. According to an ICASA spokeswoman, SpaceX […]
Investors are increasingly concerned about the state of finances at Europe’s two giant satellite operators, SES and Eutelsat, according to a report in the FT. “The cost of buying insurance against France’s Eutelsat and SES of Luxembourg defaulting on their bonds has soared to record highs, as investors fear the two will struggle to repay their […]
According to a recent Bloomberg broadcast, SpaceX is now valued at about $350 billion (€336.2bn). This value has been suggested to split with the Starlink broadband system representing about 65 per cent of SpaceX’s valuation at $227.5 billion and the rocket launch side of the business accounting for 35 per cent at $122.5 billion. SpaceX […]
SpaceX’s Starlink broadband-by-satellite system could soon be legitimately be available to South African residents. Local reports say that the nation, which requires incoming businesses to have a shareholding which includes a 30 per cent ‘black’ ownership (officially Historically Disadvantaged Groups), is close to approving Starlink’s availability. South Africa recently announced that it would introduce new […]