Founded in 2002 by Elon Musk, SpaceX is famous for its reusable rockets that result in the reduction of rocket launch costs. SpaceX is also building one of the biggest space vehicle, Starship, which is designed with a utilmate goal in mind, that is to colonize Mars.
If colonization of Mars isn't lucrative in the short term, there is one SpaceX project that can be, Starlink.
Starlink consists of satellites that provide high-speed, low latency broadband internet. The service is priced at $99 a month, which might not be attractive for urban residents, but may be reasonable for rural or remote ones.
Starlink
According to Ying Lin, about 35% of the population in the world have no access to internet.
With more and more satellites in the orbit, it is possible Starlink can reach more people who have currently no access to internet.
Cheaper to Build
Starlink's internet can be cheaper for remote or rural places where setting up landlines or fiber-optic cables to cover small numbers of people may cost more than just installing few satellite signal receivers.
Security
Starlink's internet can also be more secure than its cabled counterpart.
Landline or cable internet can be hacked and can be damaged by some natural disaster or by humans. Internet cables also need to go through other countries if internet is connected to or through them.
Starlink's internet infrastructure is owned and controlled by SpaceX which can be monitored and supervised by the US government.
Join Team with Big Tech
The more people are using the internet, the more lucrative every online business is. It is possible that big internet platforms such as Google, Facebook, Netflix want more users,
With more people get access to internet, they may be able to grow their revenue and may be willing to work with SpaceX to provide cheaper broadband internet. It's mutually beneficial for SpaceX and Big Tech.
Support Automated Driving Systems
Self-driving cars based on their way of being able to "self-drive" may need to connect to the internet to work. For example, cars may need to talk to traffic lights to decide when to stop or to go. By the way, this is one of many reasons why 5G is important. super-low latency. We don't want to see cars crashed at intersections because of high internet latency, right?
Self-driving cars in the city don't need satellite broadband internet because they already have 5G connectivity. But, in rural or remote places where there is no access to internet, cars may need to connect to satellite internet in order to drive by themselves.
Starlink's Advantages
One big advantage of Starlink is its relatively low cost of launching satellites into orbit thanks to SpaceX reusable rockets. According to Rich Smith, "there could be no one on Earth capable of launching payloads to orbit cheaper than SpaceX".
Space X IPO?
According to Elon Musk, people may be able to invest in Starlink in the future.
Ying Lin. 10 INTERNET STATISTICS EVERY MARKETER SHOULD KNOW IN 2021. 2021. OBERLO. www.oberlo.com/blog/internet-statistics. Accessed July 21 2021.
Rich Smith . How Much Cheaper Are SpaceX Reusable Rockets? Now We Know. 2020. The Mottey Fool. www.fool.com/investing/2020/10/05/how-much-cheaper-are-spacex-reusable-rockets-now-w/#:~:text=But%20in%20return%20for%20being,BreakingDefense.com%20reported%20last%20week. Accessed July 21 2021.
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