The Philippines’ commerce minister said on Thursday that SpaceX is preparing to launch its Starlink satellite internet service in the country. Moreover, earlier this month, Elon Musk’s Aerospace business sent a truckload of Starlink satellite terminals to Ukraine. Now, the corporation is preparing to enter Southeast Asia.
SpaceX’s business permission application is now being reviewed by Trade Secretary Ramon Lopez. In addition, he also mentioned that the cooperation is seeking sites to station its network gateways.
Reuters also reports that the corporation plans to establish a “wholly-owned subsidiary” in the Philippines. In addition, three gateways will be installed in the initial phase of the launch.
It’s not clear when or how much was spent on the launch, though. People in the Philippines have reason to be happy after hearing this news. People who don’t know about the country’s poor internet service may be surprised to learn about it. The Philippines maintains the highest mobile penetration rate in the region, at 138 percent, with 74 million Filipinos having internet access.
The entry of SpaceX into the country would result in faster internet speeds and better connections. MSMEs (micro, small, and medium enterprises) will benefit from this as well, Lopez added.
There are several benefits to this move, including a smoother experience with fintech (financial technology), online commerce (e-commerce), and online learning. Even though there has been a rise in satellite internet plans, SpaceX is optimistic about how many people in the country will use it soon.
Even more significantly, it is only now that SpaceX has decided to set up a foothold on Philippine soil. The full foreign ownership of important businesses like telecommunications in the Philippines is supported by the new legislation. Terry Ridon, the head of the public policy think tank Infrawatch, thinks that Elon Musk’s arrival in the country via satellite broadband could lead to more competition and more foreign investment.
SpaceX’s Starlink has an astounding network of over 1,400 satellites that can provide internet connection even to distant places, as shown by the company’s claims. This is wonderful news for Filipino social media enthusiasts. For the time being, they may only use their preferred social networking networks at 4G speeds across the nation.