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SpaceX to launch Starlink mobile service through collaboration with Qualcomm

The Motley Fool +1 · ·by G4L

QCOM Qualcomm Inc
$172.47 -2.64%
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SPCX -0.59% VZ -0.41%
  1. 1SpaceX is partnering with Qualcomm to receive the network technology required for its next Starlink mobile cellular communication service.
  2. 2Starlink satellite internet service subscribers reached 13.6 million as of the end of the third quarter, marking an 89% increase year-over-year.
  3. 3SpaceX's third-quarter capital expenditure surged 185% year-over-year to $19.6 billion.

So what's the key point?

SpaceX is working with Qualcomm to prepare a mobile phone communication service. The business is growing, with subscribers increasing to 13.6 million.

Source The Motley Fool +1 · View original ↗

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