SpaceX, the space company of Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk plans to connect large vehicles ranging from semi-trucks to aircraft to his Starlink satellite network service. Musk explained that the company does not connect Tesla cars with Starlink.
What happened: ‘Not to pair Tesla cars with Starlink, because our terminal is way too big. It is for planes, ships, large trucks and RVs, “Musk said in a tweet on Monday.
Musk’s tweet was in response to a report by CNBC that SpaceX had submitted a request to the US Federal Communications Commission to start connecting the Starlink network to moving vehicles.
Starlink aims to provide high-speed internet to populations with little or no connection anywhere in the world through a constellation of tens of thousands of satellites in a low orbit around the earth.
Why it matters: SpaceX noted in its application to the FCC that granting the application would serve the public interest as it would expand the range of broadband features available to moving vehicles throughout the US as well as to moving vessels and aircraft worldwide.
See also: SpaceX Building Starlink Factory by Elon Musk in Texas
In February, Starlink expanded the beta testing of the Starlink satellite network and began accepting pre-orders for the service in the US and internationally. Starlink plans to continue its expansion to global population coverage in 2021.
To date, Starlink has launched more than 1,000 satellites and hopes to have 4,425 in orbit by 2024. The FCC has approved 11 943 satellites to be launched by Starlink.
Price movement: Tesla shares closed 5.8% lower at $ 563.00 on Monday, but added 0.7% in the after-hours session.
Read next: Starlink starts taking pre-orders, Musk Eyes IPO when cash flow is predictable
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