Elon Musk's SpaceX Revolution: From 'Fool's Errand' To Building A 'New Internet In Space'
Portfolio Pulse from Anan Ashraf
SpaceX, led by CEO Elon Musk, is making strides in the satellite internet market with its Starlink satellites, which now account for a majority of the satellites orbiting Earth. Other players in this market include Viasat (NASDAQ: VSAT) and Hughes Network Systems, an Echostar (NASDAQ: SATS) company. The global satellite internet market is expected to grow by $4,476.69 million from 2022 to 2027, with North America accounting for 45% of it.
August 01, 2023 | 3:43 am
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Viasat is a competitor in the satellite internet market where SpaceX's Starlink is gaining dominance.
As SpaceX's Starlink gains dominance in the satellite internet market, competitors like Viasat may face challenges in maintaining their market share. This could potentially impact Viasat's stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Echostar's Hughes Network Systems is a player in the satellite internet market, which is expected to grow significantly from 2022 to 2027.
Echostar's Hughes Network Systems operates in the satellite internet market, which is projected to grow significantly in the coming years. However, the increasing dominance of SpaceX's Starlink could pose challenges. The impact on Echostar's stock price is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50