SpaceX is reportedly outsourcing a key component of its Starlink satellite-internet business at a cost of billions of dollars.
STMicroelectronics, a Swiss manufacturing giant, will be paid $2.4 billion to build one million Starlink user terminals, according to Business Insider.
The terminal, which CEO Elon Musk has previously referred to as a “UFO on a stick” contains a phased-array antenna, which allows it to communicate with Starlink’s satellites.
In a beta test, SpaceX is charging $100 a month for internet service and $500 for a starter kit that includes a tripod, a wireless router, and a user terminal – and new information suggests that SpaceX may be paying $2,000 on each terminal.
“The production agreement specifies 1 million terminals at a price of roughly $2,400 each,” the source, who apparently has knowledge of the contract between STMicroelectronics and SpaceX, told Business Insider.
The internet, where people shop, play games and catch up with friends, is on its way to becoming an important place where businesses keep track remotely of all kinds of data that can be supplied by sensors on the ground, in the air and on manufacturing equipment.
What’s called the Industrial Internet of Things (IIoT) has the potential to significantly transform the way businesses in industries including health care, transportation, energy, agriculture and beyond operate.
Importantly for Northeast Ohio, IIoT is starting to be used to keep machines on manufacturing shop floors running smoothly, in some cases eliminating the need for an increasingly hard-to-find skilled worker to stand over the machine. Creating an internet-linked environment in manufacturing allows business owners and managers to monitor their production lines from the executive suite or even their home and to know about serious, immediate problems — and to better anticipate when equipment may
Three SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to 401ks and pensions systemically conceal and pocket billions in mutual fund “omnibus” payments which rightfully belong to retirement plans.
Over the period from May 2018 through October 2020, three separate whistleblowers have filed complaints with the Securities and Exchange Commission alleging that major financial intermediaries which provide custodial, recordkeeping, and trustee services to 401ks and pensions are short-changing their retirement plan clients.
The focus of the whistleblower complaints is the billions in so-called “omnibus” payments which mutual funds admit they pay and retirement plan intermediaries admit they receive from funds. While funds and intermediaries acknowledge omnibus payments are made pursuant to formal agreements,
(Bloomberg) — The U.S. charged six current and former members of Russia’s military intelligence agency for allegedly carrying out some of the world’s most destructive hacking attacks from 2015 to 2019, including knocking out Ukraine’s power grid and causing almost $1 billion in damage to three American companies.
The hackers allegedly carried out attacks against the 2017 elections in France and the 2018 Pyeongchang Winter Olympic Games, according to an indictment unsealed by the Justice Department on Monday.
“According to the indictment, beginning in or around November 2015 and continuing until at least in or around October 2019, the defendants and their co-conspirators deployed destructive malware and took other disruptive actions, for the strategic benefit of Russia, through unauthorized access to victim computers,” the department said.