Elon Musk Just Revealed His Insane Partnership With Google: Elon Musk, one of the richest and most successful businessmen in the world, understands the importance of partnership. And though his company, SpaceX, has the capacity to stand on its own, he decides to partner with search engine giant, Google.
Join us as we explore the partnership deal between Elon Musk and Google, would it be beneficial for both parties? What would be the end product of the partnership? Stay tuned to find out.
Elon Musk, a business mogul and one of the richest men on earth, is known for a number of very successful businesses. From his debut invention, PayPal, Elon has had several very successful businesses to book.
The automobile is packed with state-of-the-art technologies, fitting for a tech geek like Elon Musk, toppling other electric car brands to gain wide recognition in the industry.
His company, SpaceX, is known for its exploits in the space travel industry with contracts from NASA and launching satellites for other companies. However, SpaceX has another company that is growing exponentially.
This company, although new, has covered a lot of grounds in its immediate field, and has now brought into view certain desires into reality. Musk has been on a mission to colonize planet Mars and create a habitable ground for humans to dwell in.
This idea was thought to be impossible, but Musk has created a system that would permit human life on Mars. For this feat to be achieved, he realized that he would need a huge sum of money to fund it.
With this realization, came the innovation or invention of a new stream under the SpaceX family known as Starlink. This brand is a tech company that is given to providing high-speed satellite internet services.
Starlink puts satellites in space to beam down internet connectivity to customers. The business may not be an entirely new model, but SpaceX, through the genius of Musk, has been able to disrupt the industry.
The billionaire businessman estimates that Starlink could generate 50 billion dollars in revenue annually. This high-speed internet provider is already one of the most valuable privately held businesses in the world, with a whopping estimation of close to 100 billion dollars.
Unlike the normal internet systems we are used to, SpaceX puts satellites out in space and they communicate with ground stations. The satellite then sends the signals to their various customers through radio waves.
SpaceX will put a constellation of satellites around the planet for global internet connectivity. SpaceX has put up a total of 1,740 Starlink satellites in space. This is a ridiculously impressive number considering the fact that the company just began some two years ago.
The company has an edge over other internet providers because it provides satellite internet. Satellite internet has the potential to be faster than fiber optic cables because the radio moves at the speed of light.
SpaceX is putting its satellite closer to the earth, unlike other satellite companies. This means that the network is most likely to reach its target customers in record time. Starlink just left the beta stage in October and has increased its customer strength exponentially.
The company has attracted a lot of subscribers, a record number of over 100,000. This proves that customers are massively interested in the service, for a fact, everyone wants to travel fast!
With users spread across 19 countries already, Starlink is gradually taking over the internet market. This will become the narrative when the internet provider gets global coverage. According to Musk, global coverage should come soon.
According to the chief financial officer of SpaceX Bret Johnson, SpaceX produces 5,000 dishes per week. This means that annually, the company produces 250,000 dishes.
A good number for a company that’s just growing. More than half a million people have deposited for Starlink services. The dish costs 499 dollars with a monthly subscription of 99 dollars.
SpaceX may not be making as much interest now, wait till it gets global, all the losses will be recovered from monthly subscriptions. Although Musk has a very grand business empire, he would not relent in his business strategies and plans, as he teams up with another giant in the search engine and online market field, Google.
Google is one of the leading companies in the search engine and online marketing industry. Although that market is not as lucrative as it used to be, it has gleaned a sufficient fortune from it.
Google, whose cloud unit will supply computing and networking resources to help Starlink deliver internet services through its satellite, has remarked that this partnership is one in a million.
The deal will involve SpaceX installing ground stations inside Google’s data centers to link with Starlink Satellites. According to tech enthusiasts, the partnership is bound to produce ultra-fast internet services to enterprising clients.
Customers are going to start seeing the outcome of this service early enough, especially as Starlink has exited the Beta mode. This deal is huge for Google because it is giving an edge in its competition with the giant Microsoft and online retail Zeus, Amazon, in the cloud computing market.
However, Google needs to diversify as quickly as possible because its current advert business is no longer growing at the usual rate. The cloud is a way for Google to shore up its revenue to sustain its growth.
Hence, partnering up with SpaceX is a big deal for Google. This is because its cloud computing services will be delivered to clients at high speed.
The first Google said center to host a Starlink base station is in New Albany Ohio, followed by other data centers in the US. But ultimately, most of Google’s data centers around the world would be connected.
It is not a coincidence that Elon Musk decided to partner up with Google, they have had a little bit of history. Back in 2015, Google invested 900 million dollars into SpaceX which was meant to cover an array of technologies, including making the satellites themselves.
It is pretty natural, therefore, the two companies would do business together as the deal is beneficial to both parties. Google gets to bring its cloud services to more customers through a secure and high-speed internet network.
This would enable Google to compete with other search and cloud providers, especially Amazon, which has its project Kuipers satellite internet service to bundle with its formidable cloud services.
Since Google is going to be available even in remote locations or spots that the Internet Service Provider does not serve, it means Google can offer its cloud services to anybody on any part of the earth. SpaceX on the other hand will get a foothold in the enterprise market.
Each enterprise market Google signs onto its package automatically becomes a client of SpaceX. Much of the company’s focus has been on household or residential access, but this deal with Google will increase SpaceX’s reach by a wide margin.
The client gets a simplified package, does not have to deal with two separate contracts, and more importantly, they can access