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SpaceX’s rapidly growing satellite internet business Starlink is coming to the UK after receiving 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 company headed by Elon Musk has also received approval from regulators in Greece, Germany and Australia, according to local media, including Ekathermini.
Germany’s federal telecommunications agency Bundesnetzagentur gave Starlink its 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 exceeding $ 189 billion, previously said Starlink may eventually go public, but only when he has “predictable” and “steady” income growth. .
However, much of Musk’s net worth is attributed to Tesla and not SpaceX, although SpaceX is valued at around $ 49 billion. The company is also looking to raise new funds to expand its rocket business and satellite Internet segment.
In April, Musk said there were 420 Starlink satellites in space, but that number had risen to over 700 satellites by October. The company is also boosting technology here on Earth, having recently partnered with Microsoft to use its Azure cloud service to help connect and deploy new services for its Starlink unit.
The service, which is still in beta in the United States, is targeting deployment in the northern United States and Canada at short notice, but no specific timeline has yet been given.
In October 2019, Musk tweeted using the Starlink satellite system.
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In October, SpaceX announced it would provide free Internet access to 45 families in a Texas school district “in early 2021,” while 90 more families will have access to the service as the network evolves.
In July 2020, Morgan Stanley said SpaceX could be worth up to $ 175 billion if Musk’s Internet service Starlink was successful.
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