One of Musk’s ventures capturing both imagination and market share is Starlink, a global satellite-based internet service, which will revolutionize the way we think about the internet for decades ahead.
REVOLUTIONIZING CONNECTIVITY
Starlink is a satellite internet constellation constructed by SpaceX, the American aerospace manufacturer founded by Musk. Utilizing a constellation of small satellites in low Earth orbit (LEO), Starlink aims to provide high-speed internet access across the globe. Unlike traditional internet services, Starlink bypasses the complex network of terrestrial cables and base stations. The implications of this are far-reaching, from rural connectivity to global data-sharing and real-time communication on an unprecedented scale.
Right now, there are over 4,500 Starlink satellites orbiting Earth making up more than 50% of all active satellites. Musk’s ambition doesn’t stop here; plans are to launch up to 42,000 satellites in the coming years to dominate the industry and connect the globe. With a valuation nearing $140 billion, SpaceX and its Starlink venture have started to wield significant influence in the satellite internet arena - no other company is coming close.
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