SpaceX Wins About USD 40 Million UK Satellite Services Order
SpaceX has received about USD 40 million from the UK government to provide satellite services, with the UK becoming the first country outside the United States to publicly confirm adoption of Starshield. Documents show the Ministry of Defence is buying about 1,000 Starshield terminals and 500 Starlink terminals for about GBP 29.5 million, equivalent to USD 39.9 million. SpaceX did not respond.
On September 10, SpaceX received about USD 40 million from the UK government to provide satellite services. The UK thereby became the first country outside the United States to publicly confirm the adoption of Starshield. Starshield is a service built by SpaceX for military and intelligence missions, while Starlink mainly serves ordinary consumers and commercial customers.
Documents show that the UK Ministry of Defence is purchasing a total of about 1,000 Starshield terminals and 500 Starlink terminals, at a total cost of about GBP 29.5 million, equivalent to USD 39.9 million. SpaceX did not respond to the matter.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Defence Equipment, with intensity 60/100 and 70% confidence over a medium term horizon.
Defence Equipment
- Direction
- positive
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Network Equipment
- Direction
- positive
- Intensity
- 55
- Confidence
- 65%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.