Space documentary David Brody and ProcureAM CEO Andrew Chanin discuss Elon Musk’s SpaceX and Jeff Bezos’ Blue Origins participating in the Space Race.
SpaceX CEO Elon Musk tweeted in a tweet on Monday that Starlink, a global broadband network created by a constellation of satellites, would double customers’ internet speeds to about 300 megabits per second. In addition, Musk said the delay – the time it takes to send data from one point to the next – will drop to about 20 milliseconds later this year.
The tweet comes in response to one Starlink customer who showed speed tests between 77 and 130 megabits per second.
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Musk added in a separate tweet that by the end of the year Starlink will reach customers around ‘most of the earth’, and that he wants to work on global coverage by next year before focusing on ‘densification of coverage’. will move.
“It’s important to note that cellular devices will always have the advantage in dense urban areas,” Musk said. “Satellites are best for low to medium density areas.”
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Pre-orders for Starlink service are available for $ 99 earlier this month.
Photo courtesy of Starlink
The company’s website emphasizes that the pre-orders are ‘fully refundable’, but notes that a deposit does not guarantee service. ‘The pre-orders are fulfilled on a first-come-first-served basis. For some sites listed on the site, SpaceX says the coverage will only be available “mid to late 2021”, while other areas will only have service available in 2022.
The full Starlink kit costs $ 499 and includes a mountable dish antenna, Wi-Fi router and power supply. The service is first offered in the US, Canada and the UK
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According to a submission to the Federal Communications Commission, Starlink has launched more than 1,000 satellites into orbit and has attracted more than 10,000 users in the United States and abroad since the “Better Than Nothing” beta beta locally and internationally. October was launched.
Starlink’s website says beta users can expect data rates to fluctuate from 50 megabits per second to 150 megabits per second over the next few months and the 20 millisecond to 40 millisecond delay as the company continues its coverage.
The FCC filing noted that Starlink’s service ‘achieves 100/20 megabits per second (‘ Mbps ‘) throughput to individual users, while most users have a’ delay ‘of less than 31 milliseconds’.
On February 15, SpaceX deployed an additional 60 satellites as part of its Starlink L-17 mission, the eighteenth mission to date. The Falcon 9 rocket apparently plunged into the ocean after failing to land on a platform at sea. The Starlink L-17 was initially intended to launch hours apart from Starlink L-18, but experienced a series of delays as the launch of Starlink L-18 went according to plan.
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Musk also indicated earlier this month that Starlink could make an initial public offering once the airline can ‘predict cash flow fairly well’.
“SpaceX must go through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable. Every new satellite constellation in history has gone bankrupt. We hope to be the first not to do so,” Musk said. said. “Starlink is an incredibly difficult technical and economic endeavor. However, if we do not fail, the cost to end users will improve every year.”
Musk’s statement reflects the remarks made by SpaceX president Gwynne Shotwell last year that Starlink ‘is the right kind of business we can do and make public.’
SpaceX recently completed a $ 850 million financing round at about $ 419.99 per share, which reportedly raises the airline’s valuation by about 60% to about $ 74 billion. The company previously raised $ 1.9 billion at a valuation of $ 46 billion in August, its largest round of financing to date.