Elon Musk, the CEO of SpaceX, tweeted that he is in talks with airlines about installing Starlink Broadband
Elon Musk said in a tweet on Thursday that he was in talks with airlines about installing Starlink, his rocket company SpaceX's satellite-based broadband service.
Musk did not provide any details about the talks in his tweet, which is known for his Twitter banter, announcements, and lively interactions with followers. It was unclear which airlines were contacted or when the installation would take place.
In-flight Internet provider Gogo's stock dropped to an intraday low of 5.7 percent before recovering some of its losses in afternoon trading.
SpaceX's satellite Internet unit, Starlink, plans to launch 12,000 satellites. According to SpaceX, the Starlink constellation will cost around $10 billion.
Amazon's Kuiper, Britain's OneWeb, venture capital-backed Planet, and Raytheon's Blue Canyon Technologies are among a growing number of companies developing small satellites.
Musk is the CEO of a number of companies, including Tesla, SpaceX, and Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.