Starlink Expands Global Reach into Vietnam
Starlink has been authorized to launch services in Vietnam on a trial basis until 2030. SpaceX’s service limit is set at 600,000 subscribers, with plans for mobile and aviation internet services. Tesla improves its Cybertruck’s Steer-by-Wire system, enhancing steering feedback. Rivian’s spinoff startup ‘Also’ raises $105 million for micro EV development. The Financial Times retracts previous allegations against Tesla regarding accounting practices.
Starlink has received approval from the Vietnamese government to launch its internet services in Vietnam, marking a significant expansion in Asia. This authorization will be on a trial basis, lasting until the end of 2030, during which SpaceX can serve up to 600,000 subscribers. SpaceX plans to offer both fixed and mobile internet services, as well as Starlink Aviation service plans throughout the country.
The Vietnamese government has indicated that there are no restrictions on foreign ownership of the service. However, it is uncertain whether SpaceX has formally applied for a license to operate its Starlink services in the nation. In contrast, Italy has recently halted discussions regarding a Starlink deal due to concerns surrounding Elon Musk’s reputation, halting a proposed $1.6 billion contract.
In addition to its endeavors in Vietnam, SpaceX is also pursuing a potential launch of Starlink services in India, having signed agreements with leading telecom companies there. The company is currently awaiting regulatory approvals. Meanwhile, SpaceX continues to enhance its Starlink offerings, including plans for a new dish that will support gigabit internet speeds.
Tesla has initiated improvements to the Steer-by-Wire system utilized in its Cybertruck. This exclusive feature allows for advanced mechanical steering of the vehicle’s wheels. Unlike traditional electric power steering systems, the Cybertruck’s setup offers better maneuverability despite its large dimensions.
The upcoming software update will provide drivers with a more realistic steering feedback that adjusts according to road conditions. Additionally, the Cybertruck will benefit from an adjustable air suspension ride height, controllable through the Tesla app. These changes aim to enhance the driving experience by providing better road feel.
Another notable development is the launch of ‘Also’, a startup that evolved from Rivian’s skunkworks program focusing on micro electric vehicles. The new company raised $105 million to adapt Rivian’s technology for smaller vehicular forms. The CEO highlighted the innovative applications of this technology and noted that Also will reveal its initial vehicle designs later this year, expanding its product range to include vehicles for both the U.S. and international markets.
In a significant correction, the Financial Times issued a retraction on allegations of questionable accounting practices at Tesla. Originally, the publication suggested discrepancies in capital expenditures. However, upon reevaluation, they acknowledged that Tesla’s asset payments could account for these inconsistencies. The retraction was well-received in the electric vehicle community, while Tesla CEO Elon Musk humorously critiqued the publication’s financial analysis skills on social media.
The recent developments regarding Starlink’s expansion in Vietnam highlight SpaceX’s aggressive growth strategy in Asia, contrasting with Italy’s stalled negotiations. Tesla’s enhancements to the Cybertruck signal ongoing innovation in electric vehicle technology. Furthermore, the launch of the micro EV startup ‘Also’ signifies new opportunities within the EV market. The retraction by the Financial Times regarding Tesla underscores the importance of accurate financial reporting in maintaining corporate credibility.
Original Source: www.teslarati.com
