Musk’s SpaceX pegs initial Starlink internet price at $99 per month: email

By Joey Roulette

(Reuters) – SpaceX is offering its Starlink broadband satellite internet service to test users for $99 a month, plus $499 for a setup kit, according to emails seen by Reuters, as Elon Musk’s space company pushes to offer fast internet speeds to rural customers with limited options.

People in states like Washington, Wisconsin and Idaho who signed up to test Starlink internet received invitations from SpaceX Monday night to join its “Better Than Nothing Beta” test.  

SpaceX did not respond to a request for comment.

SpaceX has launched to orbit more than 800 satellites of the several thousand needed to offer broadband internet globally, a $10 billion investment it estimates could generate $30 billion annually to help fund Musk’s interplanetary rocket program dubbed Starship.

The Starlink Beta program comes as rivals like OneWeb, the collapsed satellite operator rescued by the British government, India’s Bharti Group and Jeff

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McAfee Raises $740 Million in Initial Public Offering

McAfee, the cybersecurity company founded by tech eccentric John McAfee, raised $740 million after its initial public offering of 37 million shares was priced Wednesday night at $20 a share.

The shares had been marketed at $19 to $22.

McAfee, based in San Jose, California, will offer 31 million shares for sale, while existing shareholders will offer 6 million.

The stock will begin trading Thursday on the Nasdaq Global Select market under symbol “MCFE.”

Underwriters of the offering included Morgan Stanley, Goldman Sachs Group, TPG Capital, Bank of America and Citigroup.

In the six months through June 27, McAfee posted profit of $31 million, swinging from a loss of $146 million a year earlier. Revenue rose 9% to $1.4 billion from $1.29 billion a year earlier.

John McAfee founded McAfee Associates in 1987 and ran it until 1994, when he left the company.

John McAfee was a person of interest

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