SpaceX revenue surges as Starlink and AI drive growth
SpaceX has reported a sharp rise in quarterly revenue, fuelled by strong demand for its Starlink satellite internet service and rapid growth in its artificial intelligence (AI) business.
SpaceX has reported a sharp rise in quarterly revenue, fuelled by strong demand for its Starlink satellite internet service and rapid growth in its artificial intelligence (AI) business.
Tens of thousands of people are still unaccounted for after two powerful earthquakes struck Venezuela. At least 589 people have been confirmed dead and hundreds are believed to be trapped under rubble, as emergency crews and international rescue teams race to respond.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 June, covering the latest developments you need to know.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
The United Kingdom has begun using SpaceX's Starshield satellite network for military operations, according to people familiar with the matter, marking one of the first known deployments of the secure government-focused system outside the U.S.
Russian troops in Ukraine have lost access to Starlink internet terminals after Kyiv and SpaceX moved to block unauthorised Russian use, a disruption Ukrainian officials described as a major blow to Moscow’s battlefield operations.
Ukraine is creating a white list for Starlink terminals to ensure only verified devices stay active, after officials warned that Russian forces were attempting to use the network during the Ukraine conflict.
Iranian authorities have taken steps to disrupt access to Starlink satellite internet, according to users and digital-rights groups, in what appears to be the latest effort to tighten control over people’s access to the internet inside the country.
SpaceX will gradually lower 4,400 Starlink satellites this year to improve space safety.
Elon Musk’s Starlink is experiencing a widespread service outage, the company announced on its website on Monday. Downdetector had recorded more than 43,000 users in the United States were affected as of 12:35 a.m. ET (0435 GMT).
Starlink has officially started operations in Kazakhstan, making satellite internet available to the public for the first time. Citizens can now legally purchase, use, and register Starlink terminals in line with national regulations.
SpaceX's Starlink experienced one of its most significant global outages on Thursday due to an internal software malfunction that left tens of thousands of users without service. The disruption, which began around 3 p.m. EDT (1900 GMT), affected users primarily in the United States and Europe.
Elon Musk’s satellite internet service Starlink faced a rare global outage on Thursday, affecting tens of thousands of users and prompting a swift response from Elon Musk’s SpaceX.
Ukraine is set to become the first European nation to introduce Starlink’s mobile services, with leading telecom provider Kyivstar preparing to roll out messaging capabilities by the end of this year and full mobile satellite broadband by mid-2026, according to the company’s CEO, Oleksandr Komarov.
France has announced a €1.35 billion ($1.55 billion) investment in the debt-laden satellite company Eutelsat, becoming the company's largest shareholder. As the French finance ministry said, the move is intended to strengthen Europe’s leading satellite to compete with Elon Musk’s Starlink.
Vodafone Idea is in talks with Elon Musk’s Starlink to expand connectivity in rural India. This move follows deals by rivals Airtel and Jio, as the telecom giant aims to leverage satellite technology to reach underserved areas and provide cost-effective broadband solutions.
Italy has begun testing Starlink satellite systems in four embassies worldwide to explore secure communication options for its diplomats and defense officials, though no national security contract has been signed with Elon Musk's company, SpaceX, the government confirmed on Thursday.
Bengaluru/Beijing/Brasília, February 24, 2025 – Competition in low-Earth orbit is heating up as Chinese state-backed satellite internet providers and other global rivals ramp up efforts to challenge Elon Musk’s Starlink.
Washington, D.C., February 21, 2025 – U.S. negotiators have reportedly raised the possibility of cutting Ukraine’s access to SpaceX’s Starlink satellite internet service unless Kyiv reaches an agreement to grant the United States greater access to its critical minerals.
ROME, Feb 19 (Reuters) - Italy is aiming to develop its own low-orbit satellites for government communications, its industry minister said on Wednesday, presenting it as an alternative to systems provided by U.S. billionaire Elon Musk.
SpaceX will launch the Starlink 11-10 mission aboard a Falcon 9 Block 5 rocket from Vandenberg Space Force Base, California, at 02:00 UTC on February 11, 2025. The launch will deploy another batch of satellites to expand SpaceX’s global internet coverage.
Spacesail Kazakhstan Limited, backed by China, joins AIFC with $17M, aiming to rival Starlink by deploying 15,000 satellites globally by 2030 and integrating services in Kazakhstan.
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