Elon Musk’s SpaceX is going ahead with a tender offer that would value the company at around $350 billion (€330.3bn). The news, reported by Bloomberg, has not been confirmed but if accurate the $350 billion is around $95 billion more than rumoured in November. The tender offer is a sale of insider shares and would […]
Broadcasting giant Comcast is spinning off almost all of its cable channels into a new company, including MSNBC, seen by many as a liberal news channel. The others in the bundle include CNBC, USA Network, Oxygen, E!, SYFY and the Golf Channel. It seems Elon Musk, now with a foot in the door of the […]
Elon Musk’s SpaceX is reportedly set to mount a Tender Offer this December. The plan is to sell existing shares at around $135 (€128m) each. The end result would be to value SpaceX at around $250 billion. A Tender Offer, usually taken up by existing shareholders, means new shares are not issued. Therefore, the move […]
The past months have seen a tennis match of submissions volley back and forth between SpaceX and the Federal Communications Commission (FCC) over granting SpaceX and its Starlink satellites access spectrum and link with the world’s smartphones. SpaceX urgently wants access, and the FCC has – to date – firmly declined. A report from Scotiabank […]
Starlink is pausing its subscriber drive in several African countries because of “soaring demand for its broadband service”. SpaceX says too many users are trying to access the Starlink service in those regions which are currently at network capacity. One local commentator said that Starlink demand has been “skyrocketing”. One source said that Starlink’s network […]
Researcher and industry consultant Dr Tim Farrar, of TMF Associates, has predicted that SpaceX’s Starlink broadband-by-satellite system is likely to end this year with around 5 million customers (although he stresses that they must not be termed as ‘subscribers’), and that during 2025 these would grow to around 8 million. Back in 2021 Elon Musk […]
Qatar Airways has taken the future of in-flight connectivity to greater heights by operating the world’s first Starlink-equipped Boeing 777 aircraft from Doha to London on October 22nd. Passengers can now stay entertained and connected throughout their journey, streaming their content and live sports, enjoying online gaming, or working seamlessly at 35,000 feet – all […]
History was made the moment the SpaceX ‘mechazilla’ mechanical arms grabbed the returning Super Heavy Starship booster. Even Elon Musk hadn’t wholly expected this level of success for his rocket programme. The Starship’s upper stage continued on its orbital flight to a soft splashdown in the Indian Ocean and sufficiently on target for the landing […]
South Africa’s president Cyril Ramaphosa has held talks with Elon Musk over Starlink’s availability in the country, and the discussions included potential investments. Ramaphosa told local press that the discussions had taken place recently. Musk was born in South Africa and still has family in the country. “I have had discussions with [Musk] and have […]
On September 8th Elon Musk told an enquirer on X that Starlink’s satellite broadband service is awaiting regulatory approval in South Africa. However, according to regulator Icasa, it has not received a licence application. Icasa made an unambiguous statement on September 9th saying: “Please note that Icasa has not received an application [from Starlink] as […]