satellite internet

Argentine President Javier Milei announced a deal between the National Communications Agency (Enacom) and Starlink to provide satellite internet to 6,000 rural schools lacking reliable connectivity. The announcement occurred during an event in Buenos Aires.

SpaceX and Amazon share similar business structures despite different primary industries, including satellite internet, cloud computing, and chip manufacturing. Both companies face valuation disparities, with SpaceX valued at $2 trillion despite $4.9 billion in losses, compared to Amazon's $2.6 trillion valuation and $77.7 billion in revenue. Analysts question SpaceX's valuation given its significantly lower revenue and losses.

SpaceX shares began trading at $150 each in their first day, valuing the company at over $2 trillion and making founder Elon Musk the world's first trillionaire. The IPO sold 555.6 million shares across rocket, satellite internet, and artificial-intelligence businesses.

The FCC has waived Amazon's deadline for launching its satellite internet project due to a rocket shortage, though Amazon must still deploy all 3,232 Gen 1 satellites by July 2029. Satellites launched after the original deadline will temporarily lose spectrum priority status.

Amazon has pledged to launch its satellite internet service this year, marking a significant step in expanding global broadband access. The initiative aims to provide high-speed internet to underserved regions through a constellation of satellites.