👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Royal Caribbean to use SpaceX's Starlink for internet on its cruise ships

Published 08/30/2022, 03:59 PM
Updated 08/30/2022, 04:01 PM
© Reuters. FILE PHOTO: Royal Caribbean logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration
RCL
-

(Reuters) - Royal Caribbean (NYSE:RCL) Group said on Tuesday it will use SpaceX's Starlink, a fast-growing constellation of internet-beaming satellites in orbit, to provide internet connectivity to its guests and crew on its cruise ships.

© Reuters. FILE PHOTO: Royal Caribbean logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration

The U.S. Federal Communications Commission in June authorized Elon Musk's SpaceX to use its Starlink satellite internet network with moving vehicles, green-lighting the company's plan to expand broadband offerings to commercial airlines, shipping vessels and trucks.

The cruise ship operator will start deploying the service across its Royal Caribbean International, Celebrity Cruises and Silversea Cruises brands, with installation expected to be completed by the end of the first quarter of next year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.