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Elon Musk, CEO of SpaceX, said in a tweet on Tuesday that Starlink, a global broadband network created by a constellation of satellites, could launch 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. added in a separate tweet. “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 latest statements reflect SpaceX President Gwynne Shotwell’s remarks last year that Starlink ‘is the right kind of business we can do and make public.’
SpaceX reportedly watched additional funding in December that would value $ 92 billion. In August, the company raised $ 1.9 billion at a valuation of $ 46 billion, the largest round of financing to date.
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The tweets are available because pre-orders for Starlink’s service are now available for $ 99.
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 be available in 2022.
Photo courtesy of Starlink
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.
SpaceX said beta users can expect data speeds to range from 50 megabits per second to 150 megabits per second and delays – the time it takes to send data from one point to the next – from 20 milliseconds to 40 milliseconds most places the next few months the coverage will continue.
“There will also be short periods with no connection,” SpaceX added. “As we launch more satellites, install more ground stations and improve our networking software, data speeds, delays and timeliness will improve dramatically.”
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According to its website, Starlink is ‘ideal for areas in the world where connectivity has usually been a challenge’. The company’s satellites are more than 60 times closer to Earth than traditional satellites, providing a stronger and faster connection than traditional satellite internet offerings.
The company has made 17 Starlink launches so far, with another mission scheduled to end late this week after being delayed.