Internet

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-led high-speed, satellite-based internet service Starlink, a unit of SpaceX, could churn more than $20 billion of cash flow a year, provided it survives the early years, according to Cathie Wood-led Ark Investment Management. What Happened: The popular...

What Happened: Sir Tim Berners-Lee, known for inventing the World Wide Web, sold an NFT of its source code at a Sotheby’s auction for $5.4 million. The NFT titled ‘This Changed Everything’ was a one-of-one NFT that included time-stamped documentation of the internet’s...

SpaceX founder Elon Musk announced on Saturday that its high-speed, satellite-based internet service Starlink has breached the "strategically important threshold" of 69,420 simultaneous active users. What Happened: The numbers "69" and "420," referring to a sexual...

SpaceX founder Elon Musk said on Thursday he would look to give long-term Tesla Inc (NASDAQ: TSLA) shareholders preference in the Starlink initial public offering as and when that happens. What Happened: In a tweet response to a query seeking details on the Starlink IPO, Musk said that wouldn't...

Tim Berners-Lee, an inventor of the world wide web, is selling the source code for the first-ever web browser as a non-fungible token or NFT, according to a press statement by Sotheby’s. What Happened: The NFT auction will be managed by Sotheby’s and will include the code for the...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) was building an undersea cable Firmina to connect the U.S., Brazil, Uruguay, and Argentina to bolster internet connection capacity between the regions, the company said in a blog post. The cable will run from the United States East Coast to Las...

Elon Musk-led SpaceX has secured more than 500,000 orders for its super-fast, satellite-based internet service Starlink, the company said on Tuesday. What Happened: Starlink, which is currently in the beta phase, is a SpaceX venture designed to beam down the internet, especially in remote areas...

Comcast Corp (NASDAQ: CMCSA) will increase the fastest Xfinity Internet tier in California from tomorrow to extend the advantage of the WiFi technology capable of delivering faster speed than one Gigabit per second (Gbps). Additionally, California’s Performance Starter+...

Facebook Inc (NASDAQ: FB) is planning two undersea cables, along with Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), which will connect Southeast Asia with North America, Reuters reported Monday. What Happened: The two cables named — Echo and Bifrost — will be the first to go through a...

Lockheed Martin Corporation (NYSE: LMT) and Omnispace, LLC, have entered into a strategic interest agreement to explore the development of a space-based 5G network. What Happened: On Tuesday, Lockheed Martin, a global security and aerospace company, announced its plan to develop a global 5G...

India’s richest man Mukesh Ambani plays a crucial role in U.S. tech giants including Facebook Inc. (NASDAQ: FB) and Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) unit Google finding success in India, according to a report by CNN. What Happened: Ambani has been making intense efforts to...

Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) pulled the plug on its eight-year-old Loon project, the gigantic balloons that beam internet to the underserved areas. What Happened: Loon was an experimental project that started inside Alphabet’s “...

UBS analysts took a deep-dive into internet-themed stocks and updated their thesis on individual stocks where the sell-side firm's risk-reward calculation has shifted to neutral or negative. The UBS internet Analyst: Eric Sheridan downgraded the following names: Chewy Inc (NYSE: CHWY) from...

Twitter Inc (NYSE: TWTR) is well-positioned to take advantage of online advertising growth in 2021, according to JPMorgan. The Twitter Analyst: Doug Anmuth upgraded Twitter's stock from Neutral to Overweight with a price target lifted from $52 to $65. The Twitter Thesis: The online...

In the past couple of weeks, SpaceX has begun sending out invitations for users to beta test its Starlink low-earth orbit (LEO) internet service. On Thursday, DataTrek Research co-founder Jessica Rabe outlined three major takeaways from the Starlink beta test. The primary goal of the Starlink...