SpaceX faces several rumors that its unit would go public as it competes with Amazon’s Project Kuiper.
Here you have what you need to know about the news.
SpaceX IPO Rumors; New CPE; Kuiper Project Cooperation
Space
However, in a post on
The Starlink rumors came after Musk’s previous statements that he would list Starlink when revenues were optimal, and he posted on earlier this month.
Justus Parmar, founder and CEO of Fortuna Investments, said: “I think Musk will retire Starlink, not next year, but maybe in 2025 or 2026. He expects a level of stability or predictability of revenue. »
“When the IPO happens, it will be an extremely powerful catalyst for everything related to space,” Parmar added.
With an estimated value of $150 billion, SpaceX is the first private company to send humans into Earth’s orbit. The company recently began offering a new terminal for its Starlink Low Earth Orbit (LEO) satellite service.
The terminal is designed with a “quick mount” to help customers easily install it in a suitable location for satellite reception. Customers can connect the quick stand to their smartphone to find the ideal position.
Currently, the new terminal is only offered to invited customers. More information can be found on the official Starlink website.
Musk’s thriving Starlink satellite business has sparked competition from some of the most renowned international companies. Amazon introduced a new project, Kuiper, to compete with Musk’s space business and last month launched two satellites to provide internet from space.
The project aims to provide high-speed broadband Internet access to unserved and underserved communities around the world through a constellation of more than 3,200 satellites in low Earth orbit (LEO).
Rajeev Badyal, vice president of technology for Project Kuiper, said: “We have conducted extensive testing here in our laboratory and have a high degree of confidence in our satellite design, but there is no substitute for on-orbit testing. . »
According to details provided by the company, the Kuiper project would require an investment of $10 billion. The company plans to launch its first operational satellites in early 2024 and to carry out the first tests with its customers at the end of 2024.
Even though Amazon is a newcomer in this sector and plans to launch more satellites this year, its Kuiper project is expected to compete with SpaceX, even though Elon Musk’s company has years of experience in the space sector.
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