Elon Musk’s SpaceX wants to take over defense contractor business with new Starshield

key points

  • SpaceX recently announced the Starshield service for government use.
  • Starshield builds on the success of Starlink, which aims to provide internet service via satellite.
  • Starshield is designed to support national security, but details of how the service will be used by governments are limited.

As technology improves, satellites are regularly launched into Earth orbit. SpaceX is one of the major players in the fast-growing field of private space exploration.

The company recently announced its intention to provide Starshield capabilities to government agencies. Let’s explore what Starshield is and what it might mean for SpaceX’s future.

SpaceX adds Starshield

SpaceX recently added Starshield as a tab on its website. While the company has yet to make an official statement to the public about Starshield, the website makes it clear that this new satellite network is designed for governments.

Starshield’s slogan is “Supporting National Security.” With that, it’s no exaggeration to say that the company’s CEO, Elon Musk, is looking to secure defense contracting business with this new service.

What is Star Shield?

According to the SpaceX website, Starshield “leverages SpaceX’s Starlink technology and launch capabilities to support national security efforts.”

The three main selling points of Starshield include:

  • Earth Observation: This service launches satellites with sensors that provide data directly to users.
  • Communications: Starshield provides government users with global communications capabilities.
  • Managed Payloads: The service has extensive satellite capabilities to support payload missions.

Starshield also promises to “deploy capabilities at scale and at unprecedented speed.”

Obviously, Starshield’s target users are governments. Since the Department of Defense is already a large SpaceX customer, the new service could expand that relationship.

Of course, winning defense contracts will help SpaceX bottom line.

Star Shield vs Starlink

Starlink uses SpaceX’s extensive collection of satellites to provide high-speed internet access anywhere on Earth. It is designed for personal and commercial use.

Starshield, by contrast, was designed specifically for government use.

According to SpaceX, “Starlink already provides unparalleled end-to-end encryption of user data.” While this level of encryption is state-of-the-art for ordinary users, the Department of Defense requires additional security.

Therefore, Starshield provides additional security measures to protect government interests. This includes “high-assurance encryption capabilities” that meet government requirements.

As a consumer looking for internet service in remote areas, Starlink will meet your needs. But the heightened security measures around Starshield fit the DoD’s needs for its operations.

Starlink in action

Starlink includes a network of more than 3,200 communications satellites. The network provides access to broadband Internet worldwide.

The Ukrainian military has relied on Starlink’s network for reliable communications as it fends off Russian attacks. While SpaceX initially offered the service for free, Musk announced in October that the company would no longer be offering it for free.

After the announcement, SpaceX sent a letter to the Pentagon requesting funds to pay for the Starlink terminal.

Starshield’s arrival comes just a few months after Ukraine’s Starlink funding woes made headlines.

try itAbout Emerging Technology Toolkit | Q.ai – Forbes Company

SpaceX: Can you invest?

SpaceX’s new service, Starshield, might pique your interest in investing in the company. However, the privately held company is not publicly traded. Therefore, you cannot buy stock like you would a public company.

If you want to invest in Elon Musk’s empire, he’s also the CEO of Tesla, a public company best known for its electric cars.

How to invest in emerging technologies

It would be exciting if a company like SpaceX pushed the boundaries of technology. The complex technology that makes Starlink and Starshield possible can be a little hard to understand, but we can all see the ROI potential of advancing technology.

Technological innovations are constantly changing the world we live in. Savvy investors know that investing in the right technology can make a big difference to their portfolio. While you can’t invest in SpaceX, you can still invest in other emerging technologies.

One of the challenges investors face when trying to incorporate emerging technologies into their portfolios is the changing technology landscape. Breakthroughs happen often, and keeping track of all the changes can be difficult.

If you don’t regularly monitor the tech industry, you don’t have to. Instead, you can use artificial intelligence (AI) to track industries and change your portfolio. You can rest assured knowing that AI is working 24/7 to ensure your portfolio is aligned with your financial goals.

Q.ai’s Emerging Tech Kit might be a good fit for investors interested in new technologies. Of course, this portfolio only includes public companies. That said, your portfolio will include many companies that are making headway in the technology space.

Even better, no matter which industry you invest in, you can activate portfolio protection at any time to protect your gains and limit your losses.

the bottom line

If SpaceX launches Starshield, those services will be available to the government. The Pentagon may be considering Starshield as an option for some of their communications needs.

As a regular customer, Starlink is fully covered for all your internet needs. However, it will be interesting to see how Starshield will affect national security efforts.

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