Elon Musk’s ambitious Starlink launch in India might soon get the regulatory nod. According to reports, a high profile meeting is scheduled this month that will seemingly address the Elon Musk firm’s proposal for a global mobile personal communication by satellite (GMPCS) license.
The approval seems quite likely, barring a few potential last-minute delays such as additional approvals from the Department of Space and various other government departments. Sunil Mittal backed One Web and Mukesh Ambani led Jio, in partnership with Luxembourg-based SES, are the two entities that have obtained the GMPCS licenses. The Indian rivals have been nudging the regulator to keep foreign players at bay. The desi companies want a level playing field for satellite spectrum.
Another international company in the foray is Jeff Bezos helmed Amazon’s Project Kuiper. Tougher days ahead for Ambani and his ilk if Musk and Bezos receive a slice of the satellite spectrum pie.
— Business Standard (@bsindia) September 13, 2023
See Also: Elon Musk Vs Mukesh Ambani: Billionaires Lock Horns To Get A Slice Of India’s Satellite Spectrum
Elon Musk’s EV venture, Tesla, has recently acquired office space in Pune for its Indian subsidiary. Reportedly, the monthly rental of the property is just over Rs 11 lakh. Tesla’s Indian subsidiary was registered in Bengaluru in 2021. Starlink might soon follow suit, as soon as it acquires the GMPCS license.
See Also: Made In India Tesla Soon? Elon Musk’s EV Company Leases Office Space In Pune For Rs 11 Lakh Monthly Rent
Meanwhile, The Wall Street Journal has revealed Starlink’s revenue for 2022. As per the documents viewed by the WSJ, the Elon Musk firm generated $1.4 billion in revenue last year. However, this is $11 billion short of the company’s projection of $12 billion in revenue, per the presentation made by Elon Musk to investors in 2015.
SpaceX’s Starlink Revenue Jumps To $1.4 Billion But Falls Short Of Early Targets, Report Says—As Musk-Ukraine Controversy Brewshttps://t.co/V72nNOdA37 pic.twitter.com/NiQSWhuj1z
— Forbes (@Forbes) September 13, 2023
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