The human world has evolved greatly, and technology stands as a bedrock of the underlying developments today. And as the human population increases, the demand for more is inevitable. In today’s blog, we want to recall the tremendous deal that is set to make a big transformation in the internet, one of the history’s greatest technologies.
Led by the sophisticated Elon Musk, SpaceX has been leveraging their ability to launch rockets to send thousands of satellites into orbit. This is called Starlink. It’s envisioned to provide flawless internet connection irrespective of where you are on the planet.
Space X – History’s Greatest Technologies
By raising their satellite many times into the vacuum, Starlink is regarded today as the fastest internet with unrivalled 200 megabits per second download speed. The goal of the space company is to have more than 40,000 satellites sitting in low orbit.
On the other hand, Google embarked on a project to build rings of balloons that will provide internet access to the earth. This project was revealed in 2013 and named Project Loon.
The LOON was targeted at extending the reach of the internet network to the remaining billions of people that are still short of internet connection. However, this project disappeared out of thin air after ten years.
Why is that? It happens that Google decided to allow the LOON project to sink. The CEO explained this in his statement. “The road to commercial viability has proven to be much longer and riskier than hoped, so we have made the difficult decision to close down Loon”, he said.
That appears as a roadblock to the speedy internet service that people aspired to. But, in the real sense, it is actually a new door to something more spectacular than what Loon has to offer, the Space X Starlink satellite.
SpaceX – Google partnership
Google’s announcement of a profound partnership between its enterprise and Elon Musk’s SpaceX opens the door to a new world of possibilities. The relationship between these two-giant technology-based companies is believed to set a new ball rolling, one that will move the world into a sphere of faster high-quality internet connection.
Under this contract, Google will allow SpaceX to plant Starlink terminals in its cloud data centres around the world. This will facilitate the use of Google cloud data for SpaceX Starlink customers. This means that they can have access to services like storage and database.
Similarly, Google will also leverage the Starlink satellite faster network to serve its cloud customers.
It’s a game-changing partnership for both companies and the evolution of internet technology to a better level. The Starlink-Google cloud data network is focused on distributing the internet to remote areas with no internet access and a faster network for businesses and individuals worldwide.
Despite the success and progress of Starlink, they are not enough without well-built terminals across the globe. If SpaceX wants to build the terminals themselves, it will cost a lot of time and money to complete. Since SpaceX has the satellite and Google has the terminal infrastructure in place, coming together is an excellent and wise way to go.
“Combining Starlink’s high-speed, low-latency broadband with Google’s infrastructure and capabilities provides global organisations with the secure and fast connection that modern organisations expect. We are proud to work with Google to deliver this access to businesses, public sector organisations, and many other groups operating around the world”, said SpaceX chief operating officer Gwynne Shotwell.
This, of course, is not the first time the two companies will work together. Google, in 2015 had previously invested 900 million dollars in SpaceX during a period of fundraising to put Starlink in low earth orbit.
However, SpaceX is one of many players in providing high-speed internet through satellite. Amazon, owned by the second richest man on the planet, stands as a strong competitor with their budding Kuiper project. The project plans to launch above 3000 satellites to almost the same orbit as the SpaceX satellite to provide a worldwide internet connection.
Amazon is also in a competitive edge with Google on cloud base, Amazon Web service. They aim to link the Kuiper project with their cloud base service to establish a sound ground of internet and cloud services.
We believe that the SpaceX – Google partnership will give both enterprises a competitive advantage in their respective specialization. It will also bring an encouraging result that will shine a light on the tunnel of internet and technological advancement and stock investment brighter than ever before.
If you enjoy this blog, please give it a thumbs up and share it with other tech and investment enthusiasts. Hopefully, you want to read more interesting blogs like this. Remember to signup to our newsletter for more updates.
With this recent move from Musk, what do you think about AI and Tesla and the new direction of technologies and investment as we head into 2023? We’d love to know your answers in the comment section.
Recommended books for further reading:
- Shares Made Simple: A beginner’s guide to the stock market
- Smarter Investing: Simpler Decisions for Better Results
- The Barefoot Investor: The Only Money Guide You’ll Ever Need
- Investing Demystified: How to create the best investment portfolio whatever your risk level
- The Five Rules Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market
If you are looking to open an investment account, follow the links below:
(‘68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.)