Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

SpaceX's Starlink Reaches 400,000 Subscribers

Published 2022-05-25, 01:44 p/m
Updated 2022-05-25, 01:44 p/m
© Reuters.

By Michael Elkins

According to an FCC filing on Monday, SpaceX's satellite internet service Starlink is now serving over 400,000 subscribers around the world. The filing shows how the service is growing rapidly. Just two months ago the company reported service for 250,000 subscribers.

SpaceX has been steadily rolling out access to their Starlink service in 32 countries, including sending thousands of Starlink dishes to Ukraine in an effort to keep the country online during its war with Russia.

An availability map on SpaceX’s Starlink website now shows only a handful of countries where the service is not listed as “coming soon:” Afghanistan, Belarus, Cuba. China, Iran, North Korea, Russia, Syria, and Venezuela.

The FCC filing goes on to note that SpaceX "will connect even more people and places with its next-generation user terminals." This may mean SpaceX is already working on a third-generation Starlink dish for residential consumers.

“SpaceX is poised to drive even greater value to American consumers and businesses through its earth stations in motion, which require 12GHz capacity to connect aircraft, ships, and vehicles to high-speed, low-latency broadband connectivity in the United States and abroad,” SpaceX Satellite Policy Director Brett Tarnutzer wrote in the filing.

Along with the FCC filing, SpaceX launched its new Starlink RV service on Monday. The new service is designed for consumers who would like access during road trips or while camping. The company is also expanding to inflight Wi-Fi, and expects to begin service to commercial aircraft in about a year (pending regulatory approval).

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.