Space Exploration Technologies (SPCX+0.15%) is much more than just a rocket-launching company. SpaceX has several businesses, and it now appears to be entering the retail mobile service market as well.
Financial Times reported that SpaceX President Gwynne Shotwell told investors at a recent IPO roadshow that SpaceX is considering launching a Starlink retail product, and could build its own wireless communications infrastructure.
Such a move would put SpaceX, which had its record-breaking IPO two weeks ago, in direct competition with T-Mobile US (TMUS+0.65%), Verizon Communications (VZ+0.83%), and AT&T (T+1.34%).
How would such a venture fit into SpaceX’s portfolio? Let’s take a closer look.
Starlink is SpaceX’s only profitable business right now
SpaceX has three main business units. First is the rocket-launching business, which is particularly notable because of its scope. SpaceX has completed more than 660 missions, with about 85% of them using reusable launch vehicles that reduce costs and turnaround times. SpaceX has completed missions to the International Space Station and is currently the only commercial company authorized by NASA to send human missions into orbit.
Source:
Diem ‘Richard’ Nguyen
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/
https://freedom-vaca.org/vaca-main-blog-english-articles/