Starlink kits were spotted in Costco COST for $599, as reported by Tesla Investor Sawyer Merritt.
What Happened: Merritt took to X, formerly Twitter, to reveal that the satellite broadband services of Elon Musk-led SpaceX are now available in kits at Costco outlets in the U.S. Notably, the kit is also part of the offerings. Additionally, Costco members are being offered two months of free service.
See Also:
- The average American couple has saved this much money for retirement — How do you compare?
- Trump Fires Back At Biden, Accuses Democrats Of Making Hoaxes Against Him: ‘I Will Save Democracy. The Threat Is Crooked Joe Biden’
Why It Matters: This development comes as SpaceX recently partnered with Jumia Technologies AG to address internet accessibility issues across Africa by leveraging Starlink’s advanced satellite technology and Jumia’s extensive e-commerce network.
However, the expansion efforts are being carried out amid Starlink’s struggle to meet the revenue expectations set by its founder, Elon Musk. The satellite internet division of SpaceX generated $1.4 billion in revenue for 2022, falling significantly short of the projected $12 billion.
Photo by Wirestock Creators on Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.