SpaceX plans to sell new shares in December to investors, according to reports. Elon Musk raised around $750 million (€686.9m) in July this year for SpaceX. SpaceX is a closely held business and is expected to issue a tender offer which values the company at about $1.5 billion. The cash raised in July gave the […]
Eutelsat CEO Eva Berneke, in an interview with Agence France-Presse (AFP), has said that Eutelsat OneWeb intends to form a viable competitor to Elon Musk’s Starlink and provide superfast internet and broadband from space. She told AFP: “We have a lot of customers who want us to get there quickly. They tell us they took […]
The United Launch Alliance (ULA), a joint-venture between Boeing and Lockheed Martin (L-M), is up for sale. The rocket builder now has potential bidders emerging. The three names currently being reported on include a private equity business, Jeff Bezos’s Blue Origin rocket company and an unnamed aerospace firm which is said to be well-capitalised. The […]
SpaceX could launch its second test flight of its Starship rocket on Novembr 17th. However, the rocket company says that it is still – as at November 13th – awaiting formal permission to come from the Federal Aviation Administration and other regulatory agencies. Elon Musk, in a Tweet/X on Novembr 14th said: “Was just informed […]
A combination of commercial launches with its Falcon 9 rocket plus the growing subscription income from its Starlink broadband-by-satellite service will propel SpaceX to sales in 2024 of around $15 billion (€14.07bn) according to a report from Bloomberg. SpaceX’s rocket and broadband business is forecasted achieve sales this year of some $9 billion. The report […]
Elon Musk’s broadband-by-satellite system, Starlink, has achieved “cash-flow breakeven” according to a company statement. There are more than 5,000 Starlink satellites in orbit. Privately held, it is valued at some $150 billion (€140.9bn). While the claim is useful and anticipates the next ‘reveal’ of Starlinks global subscriber base (likely to be around 2.5 million ‘active […]
Elon Musk has said his social media platform X, formerly Twitter, will soon launch two premium subscription tiers. “Two new tiers of X Premium subscriptions launching soon. One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads,” Musk said in a post on […]
Starlink, Elon Musk’s broadband-by-satellite service, is still missing some major potential markets. A few days ago, news emerged that India could be close to granting Starlink permission to operate. But a new study suggests there’s still some way to go for Starlink. Data from analysts at Payload says that 2024 will see Starlink services start […]
Italian largest bank, Intesa Sanpaolo, has announced that it intends to invest in Elon Musk’s SpaceX rocket business. The bank is Italy’s largest. Intesa Sanpaolo said in a press release that the move is in line with the bank’s business plan for 2022-2025. In the plan, innovation represents one of the most important aspects of […]
The Federal Communications Commission (FCC) has licensed Elon Musk’s Starlink service to test a ‘Direct-to-device’ service. SpaceX will launch the first of a new batch of enabled satellites in December which when fully established will permit users to make calls via Starlink. Apple and Globalstar already have a similar service running, while Omnispace is planning […]