SpaceX’s Starlink is on the rise.
This, according to the same report, logs an ‘extraordinary demand’ to the service of American consumers who are interested in availing the upcoming Internet service.
This prompted the company to file a request to the Federal Communications Commission (FCC) late last week which expressed SpaceX’s desire to let them increase the previously approved number of user terminals of a million to five million. For starters, the user terminal is a device a customer uses to connect to the Starlink’s Internet service.
There are now 420 operational Starlink satellites 🛰 😉— Elon Musk (@elonmusk) April 22, 2020
As of press time, SpaceX has been able to launch more than 500 satellites to start the service. This is still a long way to go from the company’s plans of having more than a fleet of 12,000 satellites to truly upstart the space-based Internet service. However, SpaceX also needs to construct a vast network of land-based stations as well as inexpensive terminals for consumer use so that they can directly connect to the service.
Private beta begins in ~3 months, public beta in ~6 months, starting with high latitudes— Elon Musk (@elonmusk) April 23, 2020
Starlink has already unveiled details of its beta program last month. Initial service will be offered to the United States and Canada soon after. SpaceX founder Elon Musk flaunted the service’s upcoming capabilities, with he being quote saying that [Starlink] “will have a latency below 20 milliseconds, so somebody could play a fast-response video game at a competitive level”.
According to the same CNBC report, Gwynne Shotwell, SpaceX’s president, declared that it’ll take more than $10 billion to be able to construct the Starlink network.
Eyeing a $1 trillion of market shares, if SpaceX’s Starlink venture results to be fruitful, American multinational investment bank and financial services company Morgan Stanley predicts the company’s value can go as high as $175 billion in the coming years as most of this projected value will consist of income revenue from the Starlink service.