European Carriers Plan Satellite Network, Musk Pledges SpaceX Shares

Major European mobile carriers, including Deutsche Telekom, Orange, Telefónica, and Vodafone, are collaborating on a direct-to-device satellite program. This initiative aims to compete with SpaceX's Starlink by utilizing a joint bid for spectrum and establishing independent ground infrastructure, with a separate satellite partner yet to be announced. The move signals a growing trend of telecommunications companies exploring alternative connectivity solutions beyond traditional terrestrial networks.

In parallel, Elon Musk has announced plans to gift one SpaceX share to every child in the United States next year. This ambitious giveaway, estimated to be worth over $10.5 billion, could significantly impact the landscape of individual stock ownership and potentially foster a new generation of investors in his aerospace venture. The announcement comes amidst broader discussions about AI valuations and the evolving strategies of tech giants.