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SpaceX sets up subsidiary in India

World's richest person Elon Musk-owned SpaceX has incorporated its wholly-owned subsidiary in India to start local broadband operations.

Sumit Arora Last updated on September 12th, 2024 10:13 am Leave a comment

World’s richest person Elon Musk-owned SpaceX has incorporated its wholly-owned subsidiary in India to start local broadband operations. SpaceX’s satellite broadband arm Starlink aims to start broadband services in India from December 2022, with 2 lakh active terminals subject to permission from the government.

The company is charging a deposit of USD 99 or Rs 7,350 per customer and claims to deliver data speeds in the range of 50 to 150 megabits per second in the beta stage. The services of the company will compete with that of Reliance Jio, Bharti Airtel, Vodafone Idea in broadband and it will be a direct competitor to Bharti Group-backed OneWeb. The company is keen to work in rural areas for providing broadband services.

Important takeaways for all competitive exams:

SpaceX founder & CEO: Elon Musk.
SpaceX Founded: 2002.
SpaceX Headquarters: California, United States of America.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.