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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.”
Rival satellite company Viasat (VSAT) asked the FCC to refuse (SPACE) is required due to concerns about the increasing risk of collisions in orbit between satellites.
by Amazon (AMZN) Kuiper Systems also protested, telling regulators that SpaceX (SPACE) expansion “would pose serious risks to safety and competition in space.”
space (SPACE) is said to be raising capital in a new round of funding company valuation at more than 150 billion dollars.
