Stocks Analysis by MarketBeat.com (Leo Miller) covering: Fomento de Construcciones y Contratas SA, Amazon.com Inc, Telecom Argentina, Tesla Inc. Read MarketBeat.com (Leo Miller)'s latest article on Investing.com
Elon Musk's SpaceX has made a name for itself by providing internet to hard-to-reach places on Earth through Starlink network.
Although the company makes billions in revenue from its space launch program, it is thought that its main source of revenue is through its Starlink technology. It's hard to know for sure since the company isn’t publicly traded. Starlink is a satellite-based, low-Earth orbit internet service. It aims to provide high-speed internet to any location in the world. Traditionally, telecom companies use cables and towers to connect people and areas to the Internet.
is looking to compete with SpaceX through its Project Kuiper. The company said it planned to invest $10 billion into the project back in 2020. That's a big number. But, it's manageable. The company had $88 billion in cash and short-term investments on its balance sheet last quarter. The $26 billion in cash from operations the company generated last quarter makes it look even less intimidating.
One interesting aspect about Geespace compared to Amazon’s Project Kuiper is that it makes a bit more sense in the context of the overall company. While Geespace also looks to provide broadband internet, its primary objective is to connect to Geely’s portfolio of automobiles. It wants to do this to enable strong autonomous driving capabilities. Autonomous driving needs very low-latency communication between vehicles. These satellites aim to provide it.
Amazon.Com Inc Telecom Argentina Tesla Inc
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