SpaceX, under Elon Musk’s leadership, is teaming up with Cloudflare to enhance the performance of Starlink, its satellite internet service. This development was reported by The Information, which cited an individual with firsthand knowledge of the collaboration.
Following the news, shares of Cloudflare, a firm known for its content delivery services, surged by 7.2%.
According to the report, the collaboration aims to expand Starlink’s global network of mini data centers. This expansion could potentially provide faster network speeds for Starlink customers.
Starlink is amidst the rising trend of companies manufacturing small satellites dedicated to providing satellite-based internet. This includes ventures like Amazon.com’s Kuiper, the UK’s OneWeb, and venture capital-supported Planet.
The specifics regarding the financial aspects of this partnership remain undisclosed as of now.
