According to media reports, SpaceX’s rapidly developing satellite Internet service Starlink will enter the UK after obtaining regulatory approval.
The Sunday Telegraph reported that the British communications regulator Ofcom approved the system for use in rural areas in the UK in November. According to local news media including Ekathermini, the company led by Elon Musk has also received approvals from Greek, German and Australian regulatory agencies.
According to the agency’s website, the German Federal Telecommunications Agency Bundesnetzagentur approved Starlink in late December.
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Musk recently became the world’s richest man with a wealth of more than 189 billion US dollars. He has previously stated that Starlink may eventually go public, but only if the company’s revenue growth is “predictable” and “stable.”
However, although SpaceX is valued at approximately $49 billion, most of Musk’s net assets belong to Tesla rather than SpaceX. With the development of the rocket business and Internet satellite business, the company also hopes to raise new funds.
Musk said that as of April, there were 420 Starlink satellites in space, but by October, this number had grown to more than 700. The company is also promoting the development of earth technology and recently partnered with Microsoft to use its Azure cloud computing service to help connect and deploy new services for its Starlink division.
The service is still in the testing phase in the United States, and its goal is to launch in the northern part of the United States and Canada in the short term, but no exact timetable has been given yet.
In October 2019, Musk sent a tweet using the Starlink satellite system.
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In October, SpaceX stated that it would provide free Internet access to 45 families in the Texas school district “in early 2021”. With the development of the network, 90 families will gain access to the service.
Morgan Stanley stated in July 2020 that if Musk’s Starlink Internet service succeeds, SpaceX’s market value may reach as high as $175 billion.
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