Starlink received approval from the Vietnamese government to launch internet services on a trial basis until 2030, contrasting Italy’s halted negotiations with SpaceX. Additionally, Rivian has formed a startup, Also, which aims to develop micro EVs, raising $105 million in funding. Meanwhile, the Financial Times retracted allegations about Tesla’s accounting, highlighting ongoing scrutiny in the industry.
Starlink has officially received permission from the Vietnamese government to launch its internet services, marking a significant expansion into Asia. The approval is initially on a trial basis, lasting until December 2030, with a subscriber limit of 600,000 during this period. Starlink will offer both fixed and mobile internet services across Vietnam, including aviation plans. Notably, there are no restrictions on foreign ownership of such services, although it remains uncertain whether SpaceX has applied for a necessary license.
This decision contrasts with Italy’s current pause on discussions regarding Starlink services, primarily due to controversies surrounding Elon Musk. Italy’s Defense Minister has indicated that talks on a potential $1.6 billion contract with SpaceX have stalled. Meanwhile, SpaceX is also pursuing opportunities in India and has established partnerships with top telecom companies, although it is still awaiting regulatory approvals.
In addition to expanding Starlink, SpaceX is innovating its technology with plans to introduce a new Starlink dish capable of gigabit speeds. Such advancements come as SpaceX aims to enhance its service offerings while navigating the complexities of international regulations.
In another notable development, Rivian has launched a micro electric vehicle startup named Also, which secured $105 million in funding from Eclipse Ventures. This spinoff focuses on adapting Rivian’s technology for compact EVs and is envisaged to produce smaller vehicles, including vans and trucks. Rivian retains a minority stake in this startup, and Also aims to unveil its initial vehicle designs within the year, targeting consumer markets in the U.S., Europe, Asia, and South America.
In financial news, the Financial Times has retracted a previous article alleging improper accounting practices by Tesla. The publication acknowledged that Tesla’s expenses could be justified through various financial components, including asset depreciation. Tesla’s CEO, Elon Musk, humorously criticized the Financial Times for their miscalculation, signifying the ongoing scrutiny and tumult surrounding the company’s financial practices.
In summary, Starlink’s entry into Vietnam signifies a key milestone for SpaceX as it navigates the Asian market with innovative internet solutions. Rivian’s establishment of a micro EV startup reflects a strategic move towards micromobility, while Tesla’s retraction of financial allegations underscores the challenges and scrutiny faced by technology companies in the industry. These developments enhance the competitive landscape of electric and internet services globally.
Original Source: www.teslarati.com
