• Download the Constitution of Pakistan
  • Advertise
Wednesday, May 28, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Starlink satellite acquires 500,000 preorders

by Web Desk
May 5, 2021
in Business, Finance, Main, New, Technology, World
Reading Time: 2 mins read
0
Starlink
Share on FacebookShare on TwitterLinkedinWhatsapp

SpaceX has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems meeting the demand, founder Elon Musk said on Tuesday.

“Only limitation is high density of users in urban areas,” Musk tweeted, responding to a post from a reporter that said the $99 deposits SpaceX took for the service were fully refundable and did not guarantee service.

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

SpaceX has not set a date for Starlink’s service launch, but commercial service would not likely be offered in 2020 as it had previously planned.

The company plans to eventually deploy 12,000 satellites in total and has said the Starlink constellation will cost it roughly $10 billion.

Building and sending rockets to outer space is a capital-intensive business, but two of the world’s richest men, Amazon founder Jeff Bezos and Musk, who is also the chief of automaker Tesla, have invested billions of dollars over the years to make inroads in this market.

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

The US Federal Communications Commission (FCC) last month approved SpaceX’s plan to deploy some Starlink satellites at a lower earth orbit than planned but included a number of conditions to ensure the plan’s safety.

SpaceX agreed to accept that their satellites may encounter interference from satellites deployed under Amazon’s Kuiper Systems satellite project.

Tags: AmazonFCCKuiper SystemsSatelliteSpaceXStarlink
Web Desk

Web Desk

Related Posts

PIA

PIA Class B Shares Jump Rs18,000, PSX Seeks Clarification

by Anum Arif
May 26, 2025
0

Karachi – May 26, 2025:In a startling development during the ongoing privatization efforts of Pakistan International Airlines (PIA), the price...

Govt allocates 2,000MW for Bitcoin mining and AI data centres

Pakistan Unveils Plan to Power Bitcoin Mining and AI with 2,000MW Energy Allocation

by ae65c286_admin
May 25, 2025
0

In a groundbreaking step toward digital innovation, the Government of Pakistan has allocated 2,000 megawatts (MW) of electricity in the...

Microsoft and Elon Musk

Microsoft Hosts Elon Musk’s Grok Chatbot on Azure

by Anum Arif
May 20, 2025
0

Microsoft has officially partnered with Elon Musk’s AI startup, xAI, to host the controversial chatbot Grok on its Azure cloud...

GDP 2025

Pakistan’s Economy Grows 2.4% in Q3 FY2024-25

by Anum Arif
May 20, 2025
0

Pakistan’s economy posted a gross domestic product (GDP) growth of 2.4% in the third quarter (January–March) of the fiscal year...

PM Shehbaz arrives in Karachi on day-long visit

PM Shehbaz arrives in Karachi on day-long visit

by News Publishing
May 19, 2025
0

Prime Minister Shehbaz Sharif has arrived in Karachi on a one-day visit. Upon his arrival in Karachi, Minister for Education...

joebiden

Former US President Joe Biden Diagnosed with Prostate Cancer ‘Aggressive Form’

by Web Desk
May 18, 2025
0

Former President Joe Biden has been diagnosed with an aggressive form of prostate cancer that has spread to his bones,...

Next Post
Covid -19

Covid Positive cases start decreasing in KPK

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters