February 22, 2018updated 23 Feb 2018 11:00am

The first SpaceX global wifi satellites have taken off in California ?

By Shoshana Kedem

Billionaire entrepreneur Elon Musk’ SpaceX has launched two satellites into low-earth orbit that will beam low-cost broadband into everyone’s homes.

The satellites delivered into low-earth orbit are the first of a constellation of around 11,000 sats that will form a space-based internet network called Starlink by the mid-2020s.

The company said:

“Once fully deployed, the SpaceX system will pass over virtually all parts of the Earth’s surface and therefore, in principle, have the ability to provide ubiquitous global service.”

The two sats Microsat-2a and Microsat-2b, were carried aboard a Falcon 9 rocket launched from Vandenberg Air Force Base in California on Thursday morning, at 6:17am local time.

Also aboard the Flacon 9 rocket was a 3,000-pound radar observation satellite, known as Paz, financed by the Spanish government to capture high-res imaging of the Earth’s atmosphere for Airbus and Hidesat, Spain’s ministry of defence.

First announced in 2015, Starlink came under fire from Space X’s rival broadband competitor OneWeb and other space experts who fear that the size of the network could worsen the space debris problem and risk collisions with satellites already in orbit.

SpaceX received approval from the Federal Communications Commission (FCC) to launch the latest payload, but still seeks formal permission for the rest of the satellites.

In a good sign for SpaceX, FCC chairman Ajit Pai has publicly endorsed the system. He said:

I have asked my colleagues to join me in supporting this application and moving to unleash the power of satellite constellations to provide high-speed Internet to rural Americans.

The launch was originally scheduled for Wednesday, but was postponed due to strong winds.

Background:

Back in 2015, Elon Musk established a new office in Washington for the $10bn space internet plan. At the time, he said around 1,000 employees could be working on the project. In addition, it should take about five years to get off the ground.

According to financial projections obtained by The Wall Street Journal, SpaceX expects Starlink to have more than 40m subscribers to the service by 2025. This would bring in $30bn in revenue that year.

The idea is that revenues from Starlink will go on to fund SpaceX’s mission to Mars.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

Topics in this article: