Tesla CEO Elon Musk speaks during the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake
Oct 14 (Reuters) – Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband serviceowned by his rocket company SpaceX.
Musk, who is known for his Twitter banter, announcements and lively interactions with followers, did not provide any details about the talks in his tweet. It was not immediately clear which airlines were approached or when installation would occur.
Shares of in-flight internet provider Gogo Inc (GOGO.O) fell to an intraday low of 5.7% before recouping some of the losses in afternoon trading.
Starlink, the satellite internet unit of SpaceX, plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost it roughly $10 billion.
It is one of a growing number of companies making small satellites that also includes Amazon.com's (AMZN.O) Kuiper, Britain's OneWeb, venture capital-backed Planet, and Raytheon Technologies Corp's (RTX.N) Blue Canyon Technologies.
Musk currently helms companies including electric-car maker Tesla Inc (TSLA.O), rocket startup SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.
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Square Inc Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses.
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