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Elon Musk's SpaceX launched more than 1,000 satellites in the first half of 2023, winning contracts from NASA and expanding its satellite-based internet business.

Elon Musk dominates orbit with Starlink satellites

Billionaire entrepreneur's SpaceX takes 60% share of global launch business

KENTARO TAKEDA, Nikkei data journalist, and AIKO MUNAKATA, Nikkei staff writer | Japan

TOKYO -- Elon Musk's presence in the satellite communications business is growing, with SpaceX, a company founded by the billionaire entrepreneur, now accounting for just over 60% of the world's satellite launches this year.

Low Earth orbit satellite constellations already offer faster communications than land-based broadband in some locations. Musk, who is also founder of the world's biggest electric vehicle maker, Tesla, is investing a great deal of energy into this growing market.

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