SpaceX’s broadband satellite internet, Starlink, is still in beta, but already has over 10,000 customers. The fledgling service is expected to be a cash cow for SpaceX, bringing in as much as $30 billion a year — more than 10 times the annual revenue of its existing rocket business. This revenue will be used to fuel Elon Musk’s ultimate goal of building a colony on Mars. Eventually, Starlink may even keep us connected on the Red Planet.
SpaceX’s new Starlink satellite internet service is being touted as a rural internet game changer. WSJ spent time with a few beta testers in a very remote area of Washington state to see if it’s truly the solution to the global broadband gap. Photo Illustration: Laura Kammermann
NASA is partnering with SpaceX, Blue Origin and others to search for water on the moon. Water is the foundation for rocket propellant, which could supply refueling stations in the cosmos and make Mars trips cheaper. Photo illustration: Crystal Tai
Japanese billionaire Yusaku Maezawa launched a search for eight people to join him as the first private passengers on a trip around the moon with Elon Musk’s SpaceX.
As side hustles go, Elon Musk’s rocket company SpaceX is really quite something. Entirely separate from the humdrum day job at Tesla, where his only real challenge is weaning humanity off the internal combustion engine, Musk’s multi-billion dollar SpaceX operation sets itself no less a target than bringing down the cost of space travel and ultimately helping mankind colonise Mars.
Spoiler alert – firing gigantic rockets into space every other week is not a cheap undertaking. And while there’s no question Elon Musk has a few bucks to his name, his pockets aren’t bottomless. Somehow, all those dazzling launches – and landings – need to pay for themselves. So strap in and get ready for ignition sequence, while we investigate today’s burning question – how does SpaceX make money?
In October this year, influential investment bank Morgan Stanley went on record saying it believed SpaceX would very soon be worth a cool 100 billion dollars.
Watch Elon Musk at the WSJ CEO Council Summit talk about future plans for Tesla and SpaceX. Musk also reveals why he moved to Texas and shares his advice for business leaders.
U.S. COVID-19 cases cross 11 million as pandemic intensifies, 4 astronauts make history as SpaceX’s ‘Resilience’ launches for International Space Station, and Pennsylvania group delivers thousands of cookies to frontline workers during pandemic.
Marking 20 years of humans aboard the space station, getting out the vote from space, and preparations continue for NASA and SpaceX’s next crew launch … a few of the stories to tell you about – This Week at NASA!
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