"Yes indeed, in a tweet heard all around the northern hemisphere, on Nov. 6 Canada's Innovation, Science and Economic Development (ISED) Ministry announced that it has granted "regulatory approval for the @SpaceXStarlink low Earth orbit satellite constellation."
How important is this to Canada, and is $99 for as little as 50 mbps internet speeds really a good deal? With Comcast offering 200 mbps for under $50 in metro locales in the U.S. you might not think so, but here's the thing: Listening in on tweets from elated Canadian (future) customers, and hearing their lamentations about being forced to pay, for example, $46 a month (presumably Canadian) for 6 mbps, $75 for 5 mbps, or even $95 for a measly 2 mbps, it's pretty clear that the service Starlink is offering will be a big improvement for a lot of rural users.
What's more, in an effort to win a $16 billion rural broadband contract from the FCC, SpaceX is working hard to get its speeds up to 1 gigabyte per second — as much as a 20x improvement over the initial capabilities of the beta service."
"SpaceX is offering Canadians almost exactly the same service price it's offering in the U.S. –– C$129 (about $98 U.S.) for the service itself, and C$649 ($495 U.S.) for the hardware. And Musk recently tweeted out a promised "big expansion" of the service in Canada "in 6 to 8 weeks." "
Even such relatively small numbers could add up to big business for SpaceX, however, and a big opportunity for investors. As internal SpaceX documents show, the company hopes to reap as much as $4 billion in annual revenue from Starlink subscriptions as early as next year, and grow that revenue haul to $22 billion annually by 2025, at operating profit margins as high as 60%.
"This implies that within just a few years, Starlink — which created no revenue as recently as last year — could grow into a $13 billion profit machine. Oh, and here's the best part: SpaceX plans to IPO Starlink so that you can own a part of it. The COO said so herself." Motley Fool
There has been some talk in my space to the effect that Starlink is too expensive and therefore not commercially viable. ????? pl