Billionaire entrepreneur Elon Musk mentioned in a tweet on Thursday he was in talks with airlines about putting in Starlink, a satellite-based broadband service owned by his rocket firm SpaceX.
Musk, who is thought for his Twitter banter, bulletins and full of life interactions with followers, didn’t present any particulars concerning the talks in his tweet. It was not instantly clear which airlines had been approached or when set up would happen.
Shares of in-flight web supplier Gogo fell to an intraday low of 5.7 p.c earlier than recouping among the losses in afternoon buying and selling.
Starlink, the satellite tv for pc web unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has mentioned the Starlink constellation will price it roughly $10 billion.
It is one in all a rising variety of firms making small satellites that additionally contains Amazon’s Kuiper, Britain’s OneWeb, venture-capital-backed Planet, and Raytheon Technologies’s Blue Canyon Technologies.
Musk at the moment helms firms together with electric-car maker Tesla, rocket startup SpaceX and Neuralink, a startup that’s creating ultra-high bandwidth brain-machine interfaces to join the human mind to computer systems.