Starlink to provide global coverage of internet services by Sept, subject to regulatory approvals

On Tuesday, in a statement, Starlink’s president Gwynne Shotwel said, the company expects to be able to provide continuous global coverage of internet services by around September, subject to regulatory approvals. “We’ve successfully deployed 1,800 or so satellites and once all those satellites reach their operational orbit, we will have continuous global coverage, so that…

SpaceX could be valued at $36 billion in latest funding round

According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…

Elon Musk shakes up SpaceX management in a race to provide satellite-based internet services

Known for his aggressive management style, Elon Musk is pushing hard to become the first internet-based service provider – a move that could make a huge splash in the U.S. and global broadband market. According to two employees of SpaceX with direct knowledge of the matter at hand, Elon Musk, SpaceX’s Chief Executive Officer, known…