Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO

SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO

Starlink's website emphasizes that preorders are "fully refundable," but notes in fine print that "placing a deposit does not guarantee service."


Elon Musk’s SpaceX has widened the scope of the public beta test of its Starlink satellite internet service, saying it is accepting preorders from potential customers.

Prospective Starlink users can enter a service address on the company’s website, with preorders available for $99. Some regions show preorder messages that say SpaceX is “targeting coverage in your area in mid to late 2021,” while other preorders say 2022.

The service will be offered first in the U.S., Canada, and the U.K.

The company’s website emphasizes that the preorders are “fully refundable,” but notes in fine print that “placing a deposit does not guarantee service.” SpaceX also says that “orders may take 6 months or more to fulfill” depending on where users are located.

SpaceX began a public beta program of Starlink in October, with service priced at $99 a month, in addition to a $499 upfront cost to order the Starlink kit, plus shipping. The kit includes the Wi-Fi router and a user terminal, also known as a dish, to connect to the satellites.

A screenshot of the preorder page of Starlink.com on Feb. 9, 2021.


Starlink is SpaceX’s ambitious project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. The Federal Communications Commission two years ago approved SpaceX to launch 11,943 satellites. The company, which hopes to deploy 4,425 satellites in orbit by 2024, has launched more than 1,000 Starlink satellites and plans to build and deploy even more advanced versions of its satellites.

SpaceX disclosed in an FCC filing last week that Starlink has “over 10,000 users in the United States and abroad” in about three months since the public beta began.

Musk expects a Starlink IPO
A Starlink dish in the wild.


SpaceX’s chief executive repeated previous statements that the company plans to spin off Starlink and take it public, setting a goal for when the service would be ready for an initial public offering.

“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk said in a recent tweet. “Every new satellite constellation in history has gone bankrupt. We hope to be the first that does not.”


“Once we can predict cash flow reasonably well, Starlink will IPO,” Musk said in another tweet.


 



Musk’s statements echo those of SpaceX President Gwynne Shotwell early last year. She said at the time that “Starlink is the right kind of business that we can go ahead and take public.”

If SpaceX can overcome the technological challenges of building and distributing the service, the company is optimistic on its potential demand and revenue. Musk in 2019 told reporters that Starlink could bring in revenue of $30 billion a year – or about 10 times the highest annual revenue it expects from its core rocket business.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Spain and Morocco Trade Blame After 72,000 Migrants Enter Ceuta
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Europe’s Heat and Drought Are Now Disrupting Power, Shipping and Tourism
Europe’s Drying Rivers Trigger Power Cuts, Factory Shutdowns and Wildfire Emergencies
Record-Low Danube Forces Nuclear Cuts and Emergency Power Curbs
Danube Drought Forces Hungary’s Paks Nuclear Plant Into Full Shutdown
Ceuta Death Toll Rises as Spain and Europe Clash Over Border Response
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The Monaco Bombing Has Become a Test of Ukraine’s Intelligence Accountability
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
French National Assembly Overrides Senate to Pass Historic Assisted-Dying Legislation
×