Starlink’s New Deal Just Threatened An Entire Industry
The revolutionary global internet service just became far more useful.
Elon Musk has a habit of reinventing an industry and, in the process, nearly wiping out the competition. Take PayPal, for example. Once it came onto the scene, virtually no one used cheques anymore. Then there is Tesla. Not only is it revolutionising the auto industry, it is also making oil companies rethink their business plans. Even SpaceX’s upcoming Starship could dominate the long-haul flight market with its insanely short flight times. As it turns out, Musk’s revolutionary satellite internet, Starlink, has just signed a deal that means it too can pull off this same trick. Except this time, it is coming after one of the most lucrative industries in the world: telecommunications. So what is this deal? Could Starlink dominate the mobile world? And how will this affect SpaceX?
Firstly, we need a quick recap of what Starlink is. Starlink is a satellite constellation that provides near-global internet coverage. This means that there are thousands of interconnected Starlink satellites, which is to say that there is always at least one above you at any given time. In theory, connecting to this satellite via a small satellite dish and using its internet should provide a high-speed internet anywhere in the world. So…
