Tesla’s Elon Musk, the world’s richest person, is now eyeing India’s telecom industry. Musk owned company Space Exploration Technologies Corporation – SpaceX is now planning to enter the Indian market through Tesla’s Starlink project. He wants to try his luck in the fast-growing Indian telecommunication industry through 150 MB per second satellite-based Internet service.
If you don’t know about Starlink then for those in simple words, Starlink is a low-Earth satellite heavenly body that expects to give broadband internet to the remotest of spots on the planet. Till now, SpaceX has dispatched around 1,200 satellites for the service and is presently joining early clients in the Western countries mainly United States, United Kingdom, and Canada.
According to sources, Elon Musk has requested the Indian Government to allow satellite-based broadband technologies in the Nation. The Telecom Regulatory Authority of India had released a consultation paper in August last year to promote broadband connectivity in the country.
Luigi Peluso, MD of aerospace and defense industries of watchdog company Alvarez & Marsal, said people are happy with the company’s service. Starlink is serving people at very cheap rates. SpaceX has proved the practicality of its solutions.
Last year, SpaceX chief operating officer Gwynne Shotwell said “Starlink is a business that can be made public. Last year, Tesla Inc. was handed over by the market and musk became the world’s largest wealthy thanks to a surge in shares of the company.”
In response, SpaceX’s satellite government affairs Patricia Cooper said Starlink’s high-speed satellite network will help all people in India with broadband connectivity.
❛❛The service will benefit all those who are still deprived of broadband service. The internet service would be very cheap. SpaceX may soon launch Starlink in India, provided TRAI considers its recommendations,❜❜ She added.
SpaceX’s Starlink project is a group of satellites in the lower orbit of the Earth, through which broadband Internet connections can be provided in remote areas of the world. SpaceX pinpointed the objective market for the assistance in a new note to investors.
The organization is looking at a piece of a $1 trillion market that remembers for in-flight internet, sea benefits just as web interest in nations like China and India.
Prior to this, SpaceX CEO has additionally indicated Starlink being a different part going ahead and ultimately opening up to the world. Assuming this is the case, Musk will have another solid pony to ride on in the market.
Pre-registration for Starlink Internet service already started.
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