The growth in the valuation of Elon Musk's space

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company is due to several factors, among which the SpaceX business model is particularly important. This company, as is known, is one of the largest space contractors in the United States, which also owns the satellite Internet business. It has been operating in this direction since 2018 and to date has placed about 7,000 satellites in orbit.


Moreover, we find Starlink satellites in low Earth orbit, which is the best among existing places, since it is located closest to the surface of the planet. Today, four million people use Starlink satellite Internet, including in cambodia telegram phone number list Georgia. SpaceX's dominance is also underlined by the fact that the European Union has also begun preparations for the exploitation of Earth's orbit. The place where, until now, Starlink, one of the projects of Elon Musk's space company SpaceX, was considered a true giant, will now be even more loaded with space satellites.


The project, called SpaceRISE, will be launched by a consortium of large European companies by 2030, when up to 300 satellites will be placed in orbit at various levels of the Earth. The newly formed corporation, which includes the European Space Agency, Eutelsat, Hispasat, Airbus and Deutsche Telekom, is valued at $11 billion and aims to provide high-speed internet coverage across the entire European Union.