Yesterday, 60 Starlink satellites were launched in the orbit from SpaceX’s Falcon 9 launch vehicle, making Elon Musk’s constellation the largest in orbit. But what does it mean for crypto adoption?
SpaceX Falcon 9 Launched 60 Satellites
The Falcon 9 is the same rocket that launched the first 60 SpaceX satellites in May 2019 bringing higher-speed communications to earthlings far and wide. SpaceX tweeted out the successful deployment of satellites around 4 hours ago:
Successful deployment of 60 Starlink satellites confirmed! pic.twitter.com/hA8eUp7dNI
— SpaceX (@SpaceX) January 7, 2020
A “static-fire” test was conducted as part of a standard series of prelaunch procedures and among the last major milestones before liftoff. During this test, the first stage’s nine Merlin 1D engines were ignited with success.
The two-stage rocket lifted off on Monday at 9:19 p.m. EST. Yesterday’s SpaceX Falcon 9 launch will mark the first of the year from Florida’s Space Coast.
What SpaceX Satellite Launches Mean for Crypto
In 2019, Musk’s SpaceX launched a total of 13 times, with the last mission carrying a heavy-weight communications satellite for a Japanese broadband provider and Singapore-based startup on Dec 16.
SpaceX launched its first 60 satellites in May 2019 and then an additional 60 in November. Today’s launch will take Musk’s satellite total to almost 180, already making it the largest constellation in orbit.
That’s still a drop in the bucket for Musk, however. The starstruck South African businessman plans to grow a burgeoning constellation of eventually more than 40,000 satellites strong.
The satellite launching company founder said that the company would need at least 400-800 Starlink satellites to provide minor to moderate broadband coverage. With less than 10 more launches, SpaceX could start offering broadband in the United States.
Yesterday’s falcon has already flown three successful missions, and this third batch of Starlink satellites is designed to “provide global internet access.”
Greater access to the internet worldwide means greater access to cryptocurrency. As Bitcoinist has previously reported, in the event of a government trying to shut down a power grid, Bitcoin can be beamed down from space.
May the force be with you Elon. And may your SpaceX empire help to propel both satellites and crypto.
Do you think SpaceX satellite launches will accelerate crypto adoption? Let us know your thoughts in the comments below!
Images via Shutterstock, Twitter: @SpaceX The post appeared first on Bitcoinist.com. origin »
Low Earth orbit (LEO) satellites for broadband internet access are beginning to display signs of real potential. Recently, Amazon chief Jeff Bezos’ Blue Origin pulled back the curtain on its space intentions by announcing Project Kuiper, a 3,236-satellite constellation.
By CCN: Elon Musk’s SpaceX launched 60 Starlink satellites a few days ago as part of an ambitious project providing global access to a supercharged internet that will potentially solve online gaming’s largest issue.
By CCN: Elon Musk might be burning through cash as he seeks to steady the teetering Tesla ship, but hedge funder Mike Novogratz hinted that he would be first in line to invest in his fellow billionaire’s other high-profile project, SpaceX.
By CCN: Tesla might be in trouble, but Elon Musk’s SpaceX venture is defying all odds. A CNBC report states that the company has managed to raise more than $1 billion in additional funding year-to-date.
After a few delays, SpaceX finally launched the first 60 satellites under its ambitious Starlink project today. The company’s rocket Falcon 9 lifted off at the scheduled time of 2230 ET. These satellites will be operational in an orbit 500 km from the surface of the earth.
By CCN: As Tesla stock goes up in flames amid its “code red” crisis, Elon Musk enjoyed a small reprieve from the tsunami of bad news when his Boring Company won a $48. 6 million Las Vegas contract.
By CCN. com: The CEO of Binance, the world’s largest bitcoin exchange, is courting Elon Musk to hop on the crypto bandwagon by teasing a proprietary SpaceX cryptocurrency. CZ: Crypto can finance space exploration Binance CEO Changpeng Zhao made the pitch on Twitter, where he quipped: “SpaceXcoin, Elon Musk.
Coinspeaker SpaceX’s Falcon Heavy Completes First Commercial Mission and Now You Can Buy StocksSpaceX's Falcon Heavy rocket, the most powerful vehicle flying today, just launched its first-ever mission for a paying customer.
On April 8, YouTube saw a flood of fake Space X giveaway scams executed under the guise of live streams dedicated toward the April 8 solar eclipse. The scams were first spotted by the research group Mysk, which pointed out…
In a joint effort, SpaceX and BitOK have revealed a fraudulent crypto giveaway orchestrated by scammers impersonating Elon Musk, who managed to raise $165,000 in donations. The scheme was said to involve a deepfake version of Elon Musk in live…
The Bitcoin (BTC) price has struggled around $26,000 after Elon Musk’s spacecraft manufacturer SpaceX dumped its BTC holdings. On the other hand, Glassnode data suggests that the number of wallets holding at least 1 BTC has reached an all-time high…
The unexpected Bitcoin sale by SpaceX sent shockwaves through the market, causing massive liquidations exceeding $1 billion as Bitcoin's price plummeted below $26,000."
SpaceX, the aerospace company founded by tech mogul Elon Musk, reportedly took a significant step in reshaping its financial portfolio by recording a write-down of $373 million on its Bitcoin holdings in the past two years.