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 […]
SpaceX has delayed the attempted launch of its massive Starship to January 15th with anxieties about the weather off the Texas coast. The Jeff Bezos-backed New Glenn rocket (NG-1) planned launch from Florida in the early hours of January 13th was also scrubbed. The delay to Elon Musk’s giant Starship was made because of bad […]
The expected double launch of a Blue Origin New Glenn rocket as well as Elon Musk’s giant Starship, both initially expected to launch on January 10th, have been delayed. The problem is the weather which for the Jeff Bezos-backed New Glenn rocket is at least one of the problems. One report says that the Florida […]
Elon Musk’s SpaceX is going ahead with a tender offer that would value the company at around $350 billion (€330.3bn). The news, reported by Bloomberg, has not been confirmed but if accurate the $350 billion is around $95 billion more than rumoured in November. The tender offer is a sale of insider shares and would […]
Broadcasting giant Comcast is spinning off almost all of its cable channels into a new company, including MSNBC, seen by many as a liberal news channel. The others in the bundle include CNBC, USA Network, Oxygen, E!, SYFY and the Golf Channel. It seems Elon Musk, now with a foot in the door of the […]
Elon Musk’s SpaceX is reportedly set to mount a Tender Offer this December. The plan is to sell existing shares at around $135 (€128m) each. The end result would be to value SpaceX at around $250 billion. A Tender Offer, usually taken up by existing shareholders, means new shares are not issued. Therefore, the move […]
The past months have seen a tennis match of submissions volley back and forth between SpaceX and the Federal Communications Commission (FCC) over granting SpaceX and its Starlink satellites access spectrum and link with the world’s smartphones. SpaceX urgently wants access, and the FCC has – to date – firmly declined. A report from Scotiabank […]
Starlink is pausing its subscriber drive in several African countries because of “soaring demand for its broadband service”. SpaceX says too many users are trying to access the Starlink service in those regions which are currently at network capacity. One local commentator said that Starlink demand has been “skyrocketing”. One source said that Starlink’s network […]
Researcher and industry consultant Dr Tim Farrar, of TMF Associates, has predicted that SpaceX’s Starlink broadband-by-satellite system is likely to end this year with around 5 million customers (although he stresses that they must not be termed as ‘subscribers’), and that during 2025 these would grow to around 8 million. Back in 2021 Elon Musk […]