(Businesshala) – Billionaire entrepreneur Elon Musk said in a tweet on Thursday that he was in talks with airlines about setting up Starlink, a satellite-based broadband service owned by his rocket company SpaceX.
Musk, who is known for his Twitter pranks, announcements and lively conversations with followers, did not give any details about the conversation in his tweet. It was not immediately clear which airlines were contacted or when the installation would take place.
Shares of in-flight Internet provider Gogo Inc. fell as low as 5.7% before recouping some losses in afternoon trading.
SpaceX’s satellite internet arm Starlink plans to deploy 12,000 satellites. SpaceX has said the Starlink constellation will cost about $10 billion.
It is one of a growing number of small satellite companies that also include Amazon.com’s Kuiper, Britain’s OneWeb, venture capital-backed Planet and Raytheon Technologies Corp’s Blue Canyon Technologies.
Musk currently operates companies including electric-car maker Tesla Inc., rocket startup SpaceX and Neuralink, a startup developing ultra-high bandwidth brain-machine interfaces to connect human brains to computers.