SpaceX Had Its Annual 2022 Holiday Parties And It’s A Hit On TikTok SpaceX held its annual holiday parties in December, and since holidays are a time for celebration, many attendees checked in via TikTok and other social media platforms.
It seems like a few days ago, TikTok’s algorithm prioritized holiday parties, and here’s an inside peek at what some of those videos provided. One user noted that SpaceX leased SoFi Stadium in a Los Angeles suburb. User @Cruelsummer_meow shared the video below.
It was great fun, and they had lots of cold drinks and some great food. They had some churros and a little nacho station. Another user, @theratbastard, shared another look inside the party at Cape Canaveral, showing the Tesla Model X vehicles emblazoned with the NASA logo used to transport astronauts on their Crew Dragon mission I went.
Although the video states that there were 11,000 employees, many of those present were likely to be guests of the employees. It is also the 20th anniversary of SpaceX. Other videos from the craziest party Cape Canaveral party show event-goers playing air hockey, dancing, and enjoying performances by fire dancers and musicians.
In a video by @Mvieyra9, he pointed out that everything was free. Drinks, food, snacks, bags and souvenirs were freely distributed to the attendees. SpaceX also organized a party at Starbase and it was accompanied by fireworks. SpaceX is preparing to send satellites into space with its 53rd rocket launch of 2022 on Tuesday.
Elon Musk’s company will more than double its previous annual launch record of 31 sets in 2021. The rate of more than one launch per week is the result of a vigorous program for SpaceX’s Starlink satellite network that aims to bring high-speed internet back to Earth. , From thousands of antennas in Low Earth Orbit.
Rival space internet firm OneWeb uses SpaceX’s Falcon 9 rockets to deliver its own satellites into orbit as it parted ways with its former Russian launch provider following Russia’s invasion of Ukraine earlier this year. Improves. The lift off time has been fixed at 5.37 pm. local time (10:37 p.m. GMT) on Dec.
SpaceX plans to launch thousands more Starlink satellites in the coming years, having last week received regulatory approval from the US Federal Communications Commission (FCC) to manufacture, deploy and operate up to 7,500 Gen-2 units.
Its limited approval was designed to protect other satellite and terrestrial operators from interference and to maintain a safe space environment. SpaceX Starlink is currently available to users in most of Europe, North America, Australia and parts of South America.
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SpaceX is counting on Starlink, its innovative, low-altitude satellite constellation providing broadband internet from space, to generate $30 billion in revenue and $18 billion in operating profit per year by 2025 for the space company. SpaceX will now charge a fee to sign up. More than 22 million customers pay $110 a month for Internet service.
Here in late 2022, though, just three years past its deadline, SpaceX has signed up nearly 500,000 customers for Starlink alone. And worse, it appears that Starlink is running out of bandwidth to support new subscriber growth, making it difficult or impossible to reach the required number of subscribers to generate revenue and profit.
All of this makes Starlink a problem for SpaceX, but the company thinks it may have found a solution. SpaceX has a long-term goal of orbiting a total of 42,000 Starlink satellites, in addition to the 3,200-odd Starlink satellites currently in orbit and the 12,000 Starlink satellites that were initially permitted to be launched.
Last month, the Federal Communications Commission allowed SpaceX to move forward with at least part of its long-term goal and authorized the launch of 7,500 new Generation 2 Starlink satellites in addition to the 12,000 Generation 1 satellites.
But this is much more than a story about SpaceX getting more satellites into orbit. This is the story of SpaceX putting more, bigger and more powerful satellites into orbit. And potentially, it’s a story about SpaceX finding a way to solve its bandwidth problems.
Takes its Starlink business to about $30 billion in revenue and $18 billion in profit. Here’s how the math works out: First, let’s assume that SpaceX has completed its Gen 1 Starlink network, eventually getting 12,000 such satellites into orbit.
According to published estimates, these 12,000 satellites should provide enough bandwidth to serve between 2.8 million and 8.4 million Starlink customers at their proposed download speeds, depending on how much demand and power users SpaceX can accommodate. Is.
You can imagine that only 62.5% of the total bandwidth is used for improvements, not enough to support the 22 million customers SpaceX needs to generate all the revenue and profit.
But according to company chief Elon Musk, Starlink’s Gen 2 satellites will offer bandwidth that is “an order of magnitude” higher than what Gen 1 can provide. And that means adding 7,500 Gen 2 satellites to the Starlink constellation is equivalent to putting 75,000 more Gen 1 satellites into orbit.
In other words, we’re not talking about a 62.5% increase in bandwidth here, but an increase of about 625%, enough to easily support 20 million Starlink customers — and a subscriber base of 60 million. Capacity. enough bandwidth. Simply put, if and when SpaceX deploys all of its Gen 2 satellites, its Starlink problems will go away, and the dream of $30 billion in annual revenue could become a reality.
That being said, although the Gen 2 Starlink may be more powerful than the Gen 1, it is also much bigger. CNET says that the mass of each Gen 2 satellite is expected to be five times the mass of the Gen 1. That means a SpaceX Falcon 9 rocket that can launch 60 Generation 1 Starlinks at a time.
12 Gen 2 Starlinks may struggle to launch, slowing deployment significantly. By my calculations, the best SpaceX can expect for its current launch cadence is to complete deployment of its 12,000 Gen 1 satellites by the end of 2025 and perhaps start deploying some Gen 2 versions.
All this being said, SpaceX is clearly ahead of its rivals in this race, and is getting further along with each passing day. Rival OneWeb, for example, has only 502 satellites in orbit today, and only 648 total are planned, which it’s fair to point out each offers significantly less bandwidth than Gen 1 Starlink. And rival Amazon (AMZN -0.21%) still has zero satellites in orbit.
If SpaceX has a bandwidth problem and is working to solve it, then the best I can say for its competitors at this point is that they have their work cut out for them. When our analyst team has investment advice, it can pay to listen.
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