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Elon Musk announced that SpaceX's revenue is projected to reach nearly $16 billion in 2025, driven by its busy rocket-launch business and the growth of its Starlink satellite division. This growth positions SpaceX to exceed NASA's budget by 2026, highlighting the company's significant role in the commercial space sector.
Apple has reportedly turned down an offer from Elon Musk to use his satellite technology, raising concerns about the viability of its own plans for satellite communications. The rejection may jeopardize Apple's ambitions in this area, as Musk's Starlink service could have provided significant infrastructure support.
Elon Musk is considering transforming Starlink into a global carrier following a recent deal with EchoStar. This move could enhance Starlink's capabilities and expand its reach in the satellite internet market, potentially competing with established telecommunications services.