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SpaceX, the space exploration company founded by Elon Musk, is reportedly ramping up production of its Starlink user terminals to over 1000 per day. According to Jonathan Hofeller, the VP of Starlink enterprise sales, the company is also producing around six next-generation satellites daily.

Speaking at a SatShow conference panel, Hofeller revealed that Starlink already boasts over one million users and that the company plans to make the service available globally in the near future.

The popularity of Starlink has been a boon for SpaceX, which is now valued at over $100 billion. With monthly service charges ranging from $50 to $120, depending on the user’s country, Starlink is expected to generate around $1 billion in annual revenue. This significant revenue stream will enable SpaceX to continue growing and expanding its business.

#Starlink is not just limited to ground-based users; the service also caters to marine, airborne, and moving vehicle users. SpaceX has already partnered with many major cruise lines and small airline operators, and the company plans to expand its services to more areas as it launches more satellites into orbit.

SpaceX currently has over 4000 satellites in orbit, which is more than all other satellites combined. The company is also reportedly planning to test direct-to-cell transmission as part of a deal with T-Mobile later this year.

The growing success of Starlink has made SpaceX one of the most valuable private companies in the world. However, the company has also faced criticism from astronomers concerned about the satellites’ potential impact on space observations. In response, SpaceX has made changes to the satellites’ design to reduce their reflectivity.

Overall, SpaceX’s continued success with Starlink is a significant milestone for the company and for the development of satellite-based internet services. With the prospect of global coverage on the horizon, Starlink is poised to become a dominant player in the satellite internet market.

Source: Tweets from @thesheetztweetz

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Net Worth 🥈

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As of: 2024-05-04 08:12

Recently Updated