Starlink’s popularity is growing rapidly
SpaceX is set to open an office in Dublin, which will be the first European office for the company founded by Elon Musk.
The move comes as the US tech business seeks to expand sales of its Starlink satellite broadband service across the region.
The Sunday Times, citing its source, reports that the decision to open in Ireland follows the global rise in popularity of the Starlink service and that the company will seek to build a financial team there.
Elon Musk is preparing to open SpaceX’s first European office
The global space economy grew 8% to $546 billion in 2022 and is projected to grow another 41% over the next five years, according to a leading space nonprofit. The sector is expected to demonstrate resilience in the coming years, despite global economic uncertainty and a recent slowdown in space investment.
According to the Space Foundation, there were 186 launch attempts in 2022 and 145 in the previous year. Of those, 81 were commercial launches, 50 of which were conducted by Musk’s industry-leading SpaceX.
The US dominated civil and defense spending in space, accounting for almost 60% of total spending. China comes in second place with a share of 14%. The European Space Agency came in third with a 5% share.
Previously, Musk confirmed that his company SpaceX received permission to launch the Starship spacecraft.
