Elon Musk’s SpaceX Plan (SPACE) to deploy a massive fleet of satellites approved by the US Federal Communications Commission on Thursday, allowing the company to launch 7,500 of a proposal constellation of nearly 30,000 satellites.
FCC says SpaceX (SPACE) could operate these next-generation Starlink Gen 2 satellites at three altitudes between 326 miles and 332 miles, but it is delaying “action for the rest of SpaceX’s application at this time. “
The FCC said in its approval order that its action “will bring next-generation satellite broadband to Americans nationwide” and “will enable worldwide satellite broadband service, helping to bridge the digital divide on a global scale.”
space (SPACE) is said to be raising capital in a new round of funding company valuation at more than 150 billion dollars.