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.

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