This article first appeared on Trend Investing on June 16, 2020; therefore, all data is as of this date.
Space Exploration Technologies Corp. (SPACE) (private) ('SpaceX') has been rapidly launching satellites for its subsidiary Starlink, with an end goal to blanket the earth with between 12,000 and 42,000 small low earth orbit satellites, to provide faster speed, low latency, global internet coverage. This will give millions of people access to the internet that may have not been able to access conventional land-based internet services, usually due to their remote or undeveloped location.
Starlink will blanket