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Elon Musk's Message to Rival ISPs – More Pain on the Way
['Jericho Casper', 'Ted Hearn', 'Liliana Aide Monge', 'Jake Neenan']
Broadband Breakfast
Performance FiguresLEO: SpaceX CEO Elon Musk had a simple message for his broadband rivals: More pain is on the way.
Musk’s comments came a day after Hughes Satellite Systems Corp. filed for bankruptcy, citing withering competition from Starlink.
Musk’s low-Earth orbit (LEO) satellite Internet access service added 1.7 million subscribers globally in the second quarter, up from 1.3 million in the prior quarter, to end with 12 million.
The impact of the V3 satellites will take some time.
“We’d need some critical mass of V3 satellites, probably at least on the order of about 1,000.