SILICON VALLEY: In Talks With Airlines To Install Starlink Broadband: Elon Musk

SILICON
VALLEY: Billionaire entrepreneur Elon
Musk said in a tweet on Thursday he was in talks with airlines about installing
Starlink, a satellite-based broadband service owned by his rocket company
SpaceX.

Musk, who
is known for his Twitter banter, announcements and lively interactions with
followers, did not provide any details about the talks in his tweet. It was not
immediately clear which airlines were approached or when installation would
occur.

Shares of
in-flight internet provider Gogo Inc fell to an intraday low of 5.7% before
recouping some of the losses in afternoon trading.

Starlink,
the satellite internet unit of SpaceX, plans to deploy 12,000 satellites.
SpaceX has said the Starlink constellation will cost it roughly $10 billion.

It is one
of a growing number of companies making small satellites that also includes
Amazon.com’s Kuiper, Britain’s OneWeb, venture capital-backed Planet, and
Raytheon Technologies Corp’s Blue Canyon Technologies.

Musk
currently helms companies including electric-car maker Tesla Inc, rocket
startup SpaceX and Neuralink, a startup that is developing ultra-high bandwidth
brain-machine interfaces to connect the human brain to computers.