SpaceX has shipped 1,000,000 Starlink terminals: Elon Musk

SpaceX has shipped 100,000 Starlink terminals to date and now serves 14 countries with pending license applications in others: Elon Musk.

Musk’s Monday update implies that SpaceX has added 10,000 new Starlink internet service customers in about three weeks. It President and COO Gwynne Shotwell said in February 2020 that the company is likely to spin off Starlink and conduct a separate IPO for the unit in the coming years.

Elon Musk said in a series of tweets on Monday that his aerospace company SpaceX has shipped 100,000 Starlink terminals to date and is now serving 14 countries pending license applications in others.

The tweets imply that Starlink added 10,000 subscribers in about 3 weeks. In late July, the company said it had around 90,000 users of its Internet service, CNBC reported.

Starlink is an initiative of creating a network of tens of thousands of satellites, known in the aerospace industry as the Constellation, to provide high-speed Internet to customers all over the world.

It launched its Starlink beta internet service in late 2020 with a program that allowed some customers to try it out for $ 99 a month without the upfront costs for shipping, taxes, installation, and equipment like roof mounts to hold the terminals in place.

A Starlink kit includes a satellite antenna, stand, power adapter, and wireless router.

More recently it has announced that it will extend the service to the Internet on board or on moving ships and trucks.

Gwynne Shotwell, President and COO of SpaceX, announced in February 2020 that the company is likely to spin off its Starlink satellite business and conduct an IPO for the unit in the coming years.

The initiative was already capital-intensive for them. In 2018, Shotwell predicted that building the Starlink network would cost about $ 10 billion or more.

Last week, state records revealed that SpaceX intends to use its Starship rocket as the primary vehicle to launch its Starlink Gen2 satellites into orbit. SpaceX has already launched 1,740 satellites under Starlink and aims to add around 30,000 Internet satellites to its Gen2 Starlink system. WATCH NOW VIDEO 03:10 Here is the state of the commercial space race in 2021.

Source CNBC

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