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SpaceX’s fast-growing satellite internet business, Starlink, is coming to the UK after receiving media approval from regulators, according to media reports.
The Sunday Telegraph reported that the UK’s communications regulator, Ofcom, approved the system for rural Britain in November. The local Elon Musk-led company has also received approval from regulators in Greece, Germany and Australia, according to local newspapers, including Ekathermini.
Germany’s federal telecommunications agency, Bundesnetzagentur, gave Starlink approval in late December, according to the agency’s website.
Photo credit: Getty Images / Space x
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Musk, who recently became the richest man in the world with a fortune of more than $ 189 billion, had earlier said that Starlink could eventually go public, but only when it had “predictable” and “smooth” revenue growth.
However, much of Musk’s net worth is attributed to Tesla and not to SpaceX, although SpaceX is valued at about $ 49 billion. The company also wants to raise new funds as it expands its rocket business and its internet satellite segment.
In April, Musk said there were 420 Starlink satellites in space, but that grew to more than 700 satellites in October. The company is also stepping up the technology here on earth, having recently partnered with Microsoft to use its Azure cloud computing service to connect and deploy new services for its Starlink unit.
The service, which is still in beta in the US, focuses on a rollout in the northern part of the US and Canada, but no exact time frame has been given yet.
In October 2019, Musk will send a tweet using the Starlink satellite system.
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In October, SpaceX said it would provide 45 Internet access to 45 families in a Texas district by early 2021, while another 90 families will have access to the service as the network develops.
In July 2020, Morgan Stanley said SpaceX could be worth as much as $ 175 billion if Musk’s Starlink Internet service was successful.
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