Private company SpaceX Elon musk went from beta testing your satellite Internet service Starlink to start a wider launch. On the website of Starlink from residents of the United States, Canada and the UK can pre-order satellite Internet. Musk plans to make a subsidiary company SpaceX – Starlink public.
On Tuesday, a subsidiary of SpaceX Starlink began taking pre-orders for satellite broadband Internet access.
Eligible for pre-registration received by users in the United States, Canada and the UK. The service costs $99 per month, the user also needs a set of Starlink (Wi-Fi router and a satellite dish) for $499 plus shipping and tax collection.
On the website of the company Starlink stresses that pre-orders “fully reimbursed”, but noted that “placing a Deposit does not guarantee service.” The company also reports that “execution orders may take 6 months or more” depending on the location of the user.
At SpaceX said that at the initial stage “will be short periods of lack of communication” of the Internet from Starlink. “As soon as we launch more satellites, more established ground stations and improve our networking software, data transfer speed, latency and uptime significantly improve.”
Service Starlink started beta testing in October of last year and, according to the company, it has more than 10,000 users.
To date, in orbit deduced a little more than 1000 Starlink satellites of the planned 11 943, the launch of which was approved by the Federal communications Commission of the United States. The ultimate goal of SpaceX is to launch the 4425 satellites by 2024.
As a result, the company wants to achieve the provision of high-speed Internet in areas “where the Internet connection is usually the problem.” The company’s Starlink satellites more than 60 times closer to Earth than traditional satellites that provides more reliable and faster connection than traditional offers of satellite Internet.
According to the statement Starlink, the company eventually intends to provide transmission speeds up to 50 megabits per second up to 150 Mbit/sec. with a delay (the time required for sending data from one point to another) from 20 to 40 milliseconds in most regions.
Starlink IPO will happen if the company can become “financially viable”
Unlike Tesla (TSLA), released on stock market in 2010, Starlink – as part of SpaceX, is a private enterprise. Before becoming public, the company must overcome many technical problems, and at least come close to the profitability and strong cash flow.
On Tuesday to the question, when will the Starlink IPO, Elon Musk said on Twitter: “SpaceX must go through the deep abyss of negative cash flow in the next year or so to make Starlink financially viable. Each new group of satellites in history have gone bankrupt. We hope to be the first who will not do.”
“As soon as we can fairly well predict the flow of money, Starlink will hold the IPO,” Musk said in another tweet.
Marketinfo.pro wrote about Starlink IPO in the article: “the Company’s Starlink satellite Internet Elon musk may become public through “several years,””, “Company SpaceX in a new round of financing can reach valuation of $60 billion.”
These statements Elon musk echo the statements of the President of SpaceX Gwynne Shotwell at the beginning of last year.
At the time, she said that “Starlink is the right kind of business that we can continue to make public”.
In 2019, Musk told reporters that Starlink could bring in $30 billion a year, about 10 times greater than the highest annual income that he expects from the main rocket SpaceX business.
According to reports, in December, SpaceX had considered the possibility of additional funding, bringing the company’s valuation would be $92 billion In August, the company raised $1.9 billion at a valuation of $46 billion, which is the largest funding round, the company today.