Investing

SpaceX’s Starlink internet service has more than 145,000 users so far

Products You May Like

A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building.
SpaceX

Elon Musk’s SpaceX on Thursday gave an update on its Starlink internet service, as the company launched more satellites into orbit.

SpaceX engineer Jessie Anderson said during a webcast of the company’s first launch of the year that Starlink now has more than 145,000 users in 25 countries around the world. That’s up from 140,000 users in early November.

The company launched a Falcon 9 rocket from Florida on Thursday, carrying 49 Starlink satellites toward orbit.

Starlink is the company’s plan to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. SpaceX has about 1,800 Starlink satellites in orbit.

The increase of 5,000 users in two months represents a slowdown in growth. Until November, SpaceX had added roughly 11,000 users per month since beginning service in October 2020. Late last year SpaceX noted on its website that “silicon shortages have delayed production” of Starlink user terminals, “which has impacted our ability to fulfill orders.”

SpaceX’s valuation has soared in recent years to cross $100 billion, which industry analysts attribute in large part to the market potential of its Starlink service.

Products You May Like

Articles You May Like

New Social Security benefit legislation may worsen insolvency. Broad reform remains elusive, experts say
Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025
Nearly half of credit card users are carrying debt — it may take months, or years, to pay off
DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’
Why it’s so hard to find starter homes in the U.S.

Leave a Reply

Your email address will not be published. Required fields are marked *