SpaceX says it will test Starlink’s satellite-to-cell service with T-Mobile this year

SpaceX says it will test Starlink’s satellite-to-cell service with T-Mobile this year


Sopa Images | Lightrocket | Getty Images

WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said on Monday.

“We’re going to learn a lot by doing — not necessarily by overanalyzing — and getting out there,” Jonathan Hofeller, SpaceX vice president of Starlink enterprise sales, said on a panel at the Satellite 2023 conference in Washington, D.C.

The market for space-based data services directly to devices on the ground, such as for smartphones, is widely considered to have lucrative potential, with a variety of satellite companies partnering with terrestrial mobile network operators (MNOs) and device makers to fill in coverage gaps across the Earth.

SpaceX and T-Mobile announced their partnership in August, vowing to “end mobile dead zones.”

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

SpaceX has launched about 4,000 Starlink satellites to date, and recently rolled out its more powerful “V2 Mini” satellites, which it says have quadruple the capacity of the previous generation.

Hofeller said Monday that SpaceX is manufacturing six satellites per day at its facility near Seattle and believes the company is no longer manufacturing its previous 1.5 series of Starlink satellites. The company is also producing “thousands” of user terminals per day, he said.

While SpaceX plans to make even larger second-generation satellites, and has “made a few” so far, Hofeller emphasized that launching those is “tied very closely to Starship,” the company’s towering rocket that has yet to reach space.

SpaceX has “well over” 1 million Starlink users, Hofeller said, having passed that milestone in December. The compay recently announced that its Starlink business “had a cash flow positive quarter” in 2022, with the company aiming for the unit to “make money” in 2023.

Why Starship is indispensable for the future of SpaceX



Source

There’s an outperforming real estate sector hiding in plain sight
Business

There’s an outperforming real estate sector hiding in plain sight

Industrial outdoor storage in Elgin, Illinois. Courtesy of Alterra IOS A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to […]

Read More
Wealthy investors expected to drive  trillion alternatives boom
Business

Wealthy investors expected to drive $32 trillion alternatives boom

Shironosov | Istock | Getty Images A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Investments in alternatives are expected to top $32 trillion […]

Read More
McDonald’s is about to report earnings. Here’s what to expect
Business

McDonald’s is about to report earnings. Here’s what to expect

The logo of McDonald’s is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its third-quarter earnings before the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.33 expected Revenue: $7.1 billion expected The fast-food giant, often seen as […]

Read More