Starlink’s fast-growing satellite internet business, Starlink, is coming to the UK after receiving approval from regulators, according to media reports.
The Sunday Telegraph reported that the British communications regulator Ofcom approved the UK’s rural system in November. The company, led by Elon Musk, has also received approval from regulators in Greece, Germany and Australia, according to local news agencies, including Ekathermini.
The German federal telecommunications agency Bundesnetzagentur approved Starlink in late December, according to the agency̵
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Musk, who recently became the world’s richest man with a fortune in excess of $ 189 billion, previously said Starlink could eventually go public, but only when there is “predictable” and “smooth” revenue growth.
However, much of Musk’s net worth is attributed to Tesla, not SpaceX, although SpaceX is valued at about $ 49 billion. The company is also looking to raise new funds as it develops its rocket business and its satellite segment on the Internet.
As of April, Musk said there were 420 Starlink satellites in space, but that number had risen to more than 700 satellites by October. The company is also stepping up technology here on Earth, recently merging with Microsoft to use its Azure cloud computing service to help connect and deploy new services for Starlink.
The service, which is still in beta in the United States, is aimed at distribution in the northern United States and Canada in the short term, but no exact time frame has been set yet.
In October 2019, Musk tweeted using the Starlink satellite system.
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In October, SpaceX said it would provide free Internet access to 45 families in a Texas school district “in early 2021,” while an additional 90 families will gain access to the service as the network develops.
In July 2020, Morgan Stanley said that SpaceX could cost up to $ 175 billion if Musk Starlink’s Internet service was successful.
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