SpaceX wants to bring satellite internet to Iran: Musk | Tech News

SpaceX wants to bring satellite internet to Iran: Musk

  • SpaceX will apply for an exemption from US sanctions against Iran in a bid to offer its satellite internet service to the country, Elon Musk said.

| Updated on: Sep 20 2022, 23:02 IST
Shocking! Elon Musk wants to put cocaine back in iconic Coca Cola
1/5 The world’s richest man, Elon Musk has shocked the world by tweeting this yesterday, “Next I’m buying Coca-Cola to put the cocaine back in”. (AP)
image caption
2/5 The tweet was in reference to the beverage’s original recipe. Coca Cola was launched way back in 1886 as a tonic for potential ailments. But the formula was later revised to remove any hint of controversial substances. (HT_PRINT)
3/5 However, Coca Cola might prove to be too expensive even for the world’s richest man. Coca Cola has a market cap of a remarkable $284 billion. Currently, it is still a mystery about where Elon Musk will find some $22 billion to fund his $44 bn Twitter buy. In fact, Musk buying Twitter has shaved over $100 bn from Tesla valuation- in a day. Bloomberg reported, "Tesla Inc. wiped roughly $126 billion off its valuation Tuesday as the stock fell 12% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc." (AFP)
4/5 Elon Musk’s own fortune currently stands at $253 billion, but he is far ahead of his rival Jeff Bezos, whose fortune stands at $162 billion. (REUTERS)
5/5 But you can never say never for the man who is widely considered a genius behind the world’s biggest EV company Tesla, and who is now carrying out NASA missions with the help of SpaceX. (REUTERS)
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Elon Musk led SpaceX plans to apply for an exemption from US sanctions against Iran in order to extend its satellite internet services to the country. (REUTERS File Photo)

SpaceX will apply for an exemption from US sanctions against Iran in a bid to offer its satellite internet service to the country, owner Elon Musk said on Monday.

"Starlink will apply for an exemption from sanctions against Iran," Musk said in response to a tweet from a science reporter.

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Musk had initially announced that the Starlink satellite internet service had been made available on every continent -- "including Antarctica" -- with the company planning to launch up to 42,000 satellites to boost connectivity.

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Iranian-born science journalist Erfan Kasraie had said on Twitter that bringing the service to Iran could be a "real game changer for the future" of the country, which elicited Musk's response.

Launched at the end of 2020, Starlink offers high-speed broadband service to customers in areas poorly served by fixed and mobile terrestrial networks through a constellation of satellites in low earth orbit.

The service received notoriety after supplying antennas and modems to the Ukrainian military to improve its communications capabilities in its war with Russia.

Starlink is monetized through the purchase of antennas, modems and subscriptions with rates that vary by country.

Nearly 3,000 Starlink satellites have been deployed since 2019 and SpaceX is conducting about one launch a week, using its own Falcon 9 rockets to speed up its deployment.

Iran has been under a tightened US sanctions regime since former president Donald Trump terminated a 2015 agreement over its nuclear activities.

While current President Joe Biden supports a renegotiation of the deal, Iranian insistence on long-term guarantees from Washington has stalled discussions.

New rounds of sanctions were imposed on Iran this month after a Tehran-based company helped ship drones to Russia, and in response to a massive cyberattack targeting Albania in July allegedly carried out by Iran's intelligence ministry.

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First Published Date: 20 Sep, 23:02 IST