Latest / Elon Musk Podcast / Elon Musk Says SEC violates his free speech + Starlink exceeds 1 million users - CrossCast

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Elon Musk Says SEC violates his free speech + Starlink exceeds 1 million users - CrossCast · Elon Musk Podcast

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  mountaintops or sea floors. Today's episode is brought to
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  you by Starship shirts.com, get your SpaceX and NASA inspired,
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  Merchants Starship shirts.com. Now this episode is also brought
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  to you by our other podcasts, the space news pod which focuses
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  mainly on SpaceX and Elon musk's involvement in the company.
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  This is what we call a cross pod.
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  Or a cross cast, either one of those work.
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  Please take a second, listen to this and if you like this kind
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  of content go subscribe to the space news pod and you'll Get
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  more space, X news. And thanks for listening SpaceX
• 1:33
  is starlink satellite internet service crosses significant
• 1:36
  Milestone. After the company revealed, the
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  starlink now has more than a million active subscribers
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  SpaceX open the Service to the public and 2020, it allowed
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  orders a couple of months later in 2021 in since then the
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  company has been rapidly building, its constellation by
• 1:53
  conducting regular launches of the Falcon 9 rocket.
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  At the same time, it is also Oh upgraded its satellites, which
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  has resulted in the Falcon 9 being able to launch lesser
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  satellites in a previously, could during the early days of
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  the launches. Today's news comes after a
• 2:10
  tumultuous year for starlink, the saw user speed slow down and
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  controversy around coverage for Ukraine.
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  Now Star Lake ads, 300,000 new subscribers in the last two
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  months and at the start of this year, In February certainly had
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  250,000 subscribers and throughout the year of 2020, to
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  this figure has been growing. The last update for the
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  subscriber count before today's announcement came from SpaceX is
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  Vice President of commercial sales, mr.
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  Jonathan Hoffler mr. Hoffner revealed in an event in
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  September that SpaceX was now providing service to 700,000
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  subscribers with significant price, reductions and countries.
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  Such as Brazil, including more people to sign up for the
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  satellite internet service. Now since then or exactly three
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  months later the number of Starlings active subscribers,
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  his now crossed 1 million. This comes straight from SpaceX
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  or shared the details on its Twitter page, along with a short
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  video clip and setting up a satellite constellation requires
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  significant investment which includes launch costs and those
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  for setting up production machines to Should the equipment
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  these are supplemented by the cost of operating the network
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  itself. And as a whole, all these are
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  difficult obstacles to overcome as SpaceX is Chief mr.
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  Elon Musk has shared on multiple occasions, and these costs are
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  still the beginning for SpaceX. As it is only launched a little
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  over 3000 satellites for a constellation that aims to put
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  tens of thousands of these into orbit so far, the next
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  consolation stage, which will Will include second generation
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  satellites will be launched through spacex's Starship
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  rocket. However, the jury is still out
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  on this with some whisper suggesting that SpaceX my
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  configure. The second generation spacecraft
• 4:10
  to launch with the Falcon 9 instead in the Falcon 9 is the
• 4:13
  most reliable rocket ever launched in human history.
• 4:17
  SpaceX is latest launch which site put another 50 for
• 4:21
  satellites into orbit was done through a booster that is now
• 4:24
  flown a remarkable 15 times. Initially SpaceX has planned to
• 4:29
  use only the Falcon 9 for the gem to satellites, but it
• 4:32
  changes plans earliest ear. When it's submitted a
• 4:35
  modification request to the FCC. This request was heavily
• 4:39
  criticized by the company's competitors, who equated it with
• 4:42
  being an entirely new application in itself and SpaceX
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  defended the move by asserting that the plans weren't either or
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  scenario. And then later on decided to
• 4:51
  stick solely to Starship to launch the new spacecrafts.
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  Starship is currently in development.
• 4:57
  In Boca Chica, Texas, with teams rushing to conduct a crucial
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  orbital, test flight that will demonstrate the Rockets
• 5:05
  operational capability. However, this flight might not
• 5:09
  take place until the end of the first quarter of 2023.
• 5:13
  Particularly since the Starship will also have to be human rated
• 5:18
  early on due to its Central role in the NASA Artemis program.
• 5:23
  Now, a customized variant of the rocket stage will And the first
• 5:27
  astronauts on the moon, this Millennia in NASA hopes at the
• 5:31
  first lunar Landing test flight will take place in 2023 in
• 5:36
  addition to providing internet service, to individuals and
• 5:39
  businesses SpaceX. Also plans to use, starlink to
• 5:42
  provide internet connectivity, for the military, emergency
• 5:46
  responders, and other critical applications.
• 5:50
  And one of the main benefits of the starlink service is that it
• 5:53
  can provide high-speed internet access to areas that are
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  difficult. Or impossible to reach with
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  traditional cable or Fiber Optic networks.
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  This makes it a potential solution for Bridging the
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  digital divide in bringing internet access to underserved
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  communities around the world. However, the service is not
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  without its challenges, the satellite constellation is still
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  in the early stages of development and there have been
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  reports of intermittent, service outages and other issues despite
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  these challenges SpaceX remains committed to improving the
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  reliability. And performance of the Sterling
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  service in the coming years. And just recently, Elon Musk
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  said that the company is now close to having 100 Active Star.
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  Links the firm's Internet satellite service in Iran, three
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  months after he tweeted, he would activate the service
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  there. Amid protests around the Islamic
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  country Ilan, said approaching 100 star links active in Iran.
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  In a tweet on Monday. In the billionaire had set it
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  September that he would activate sternly can Iran as part of a US
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  backed effort. Advanced Internet, freedom and
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  the free flow of information to arraign.
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  media platforms and protests around the country.
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  The United States Securities and Exchange Commission is Buying
• 9:27
  allegations that is violating Elon musk's Free Speech, rights
• 9:30
  by trying to enforce a 20-18 Securities, fraud settlement.
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  The Commission in an appeals brief filed late last week and
• 9:38
  the 23rd of last week of The Commission in an appeals brief
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  filed late, Thursday, said that Elon Musk.
• 9:46
  The chief executive Tesla, waved his first amendment rights, by
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  agreeing to the settlement and amendments also rejected.
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  Musk's argument to scrap the agreement because he signed it
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  under Financial duress and didn't understand it.
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  And the SEC argued that doing its job in the interest of
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  shareholders and markets. Outweigh must interest in being
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  able to tweet about Tesla without Tesla's approval.
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  Now they say musk's it protects investors by ensuring that the
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  information, the public uses to make decisions about Tesla,
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  Securities is accurate and consistent with what Tesla
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  reports and the dispute stems from an October 2018 agreement
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  with the SEC that Sutton that musk signed involving his
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  statements on Twitter, which musk this year purchased for
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  forty four billion dollars Muskan Tesla each agreed to pay
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  20 million dollars in civil fines over musk's tweets about
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  Being the funding secured quote to take Tesla private and a four
• 10:45
  hundred, and twenty dollar price per share.
• 10:48
  And the funding was far from locked up in the electric
• 10:51
  vehicle company, remains public, but Tesla, stock price jumped up
• 10:57
  and the stock NOW trades at around $122, the settlement
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  specified governance changes. Including musk's ouster is board
• 11:06
  chairman as well as pre approval of his tweets by a Tesla lawyer
• 11:10
  in April US District, Judge Lewis Lyman in New York
• 11:13
  rejected. Musk's bid to throw out the
• 11:16
  settlement. He also denied a motion to
• 11:18
  Lionel fi a subpoena of musk seeking information, about
• 11:22
  possible violations, lyman's ruling said that musk made the
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  tweets without getting pre approval, but the judge later
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  wrote that he didn't mean to pass judgment on that issue.
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  And in his filing with the second Circuit Court of Appeals
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  musk lawyer, Alex Bureau contended that the SEC is
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  unlawfully. In musk violating his Free
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  Speech rights by continually trying to enforce the settlement
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  and musk's appeal brief filed. In September, says the
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  provision, requiring prior approval.
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  Before tweeting about Tesla is an illegal government, imposed
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  muzzle on mr. Musk speech before it is made,
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  but the SEC said in its response that musk knowingly and
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  voluntarily waived, any First Amendment rights, by signing the
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  settlement and musk suggests that his waiver was somehow
• 12:12
  invalid, but it states trains, but it strains credulity to
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  believe that the CEO of Tesla did not understand the
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  agreements. He negotiated, and signed the
• 12:22
  settlement. The SEC wrote doesn't stop Musk
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  from tweeting about Tesla or other matters.
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  That it doesn't place the court or the SEC and a position to
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  review his tweets before publication rather it required
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  him to adhere to Teslas policies regarding oversight of Materia,
• 12:39
  Tesla. Communications.
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  It had no bearing on tweets or other Communications unrelated
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  to Tesla. The SEC is investigating.
• 12:48
  Whether musk violated the settlement with Tweets, in
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  November of twenty, Twenty-One asking Twitter followers, if he
• 12:55
  should sell 10% of his Tesla stock, the SEC wrote the
• 12:59
  possibility that the commission would continue to evaluate
• 13:02
  musk's disclosures and is compliance with Tesla's controls
• 13:06
  was hardly unanticipated in his appeal brief Chief musk attorney
• 13:12
  Alex Bureau contends that the SEC is continually investigating
• 13:15
  musk for topics not covered by the settlement.
• 13:18
  It asks, the court to strike or modify the prior approval
• 13:20
  provision and further musk speech is chilled by the threat
• 13:24
  of SEC investigations and prosecution for contempt of
• 13:28
  court. Hey, thanks for listening if you
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  enjoyed this episode or if you enjoy Elon Musk and SpaceX and
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  everything revolving around Ilan in his company's, please hit the
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  Subscribe button in your podcast.
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  Cast platform of choice. I would really appreciate it and
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  it helps grow the podcast, so I can get better and more
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  informative content to you. So, thank you so much for that.
• 13:51
  Take care and I'll see you next time.