Starlink satellite internet service gets 500,000 preorders, Musk says

(Reuters) – SpaceX has obtained greater than 500,000 preorders for its Starlink satellite internet service and anticipates no technical issues assembly the demand, founder Elon Musk stated on Tuesday.

“Only limitation is high density of users in urban areas,” Musk tweeted, responding to a submit from a CNBC reporter that stated the $99 deposits SpaceX took for the service had been totally refundable and didn’t assure service.

“More of a challenge when we get into the several million user range,” Musk stated.

SpaceX has not set a date for Starlink’s service launch, however industrial service would unlikely be provided in 2020 because it had beforehand deliberate.

The firm plans to finally deploy 12,000 satellites in complete and has stated the Starlink constellation will value it roughly $10 billion.

Building and sending rockets to outer house is a capital-intensive enterprise, however two of the world’s richest males, Amazon founder Jeff Bezos and Musk, who can also be the chief of automaker Tesla Inc, have invested billions of {dollars} through the years to make inroads on this market.

Musk and Bezos have sparred publicly over the competing satellite plans.

The U.S. Federal Communications Commission (FCC) final month authorised SpaceX’s plan to deploy some Starlink satellites at a decrease earth orbit than deliberate however included a lot of situations to make sure the plan’s security.

SpaceX agreed to just accept that their satellites could encounter interference from satellites deployed beneath Amazon’s Kuiper Systems satellite venture.

(Reporting by Derek Francis in Bengaluru)

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