News

SpaceX Announces That Starlink Now Has Over 1 Million Users

It seems that Elon Musk’s internet service is proving extremely popular.

Published

2 years ago

December 21, 2022

Nour Nasir

Starlink

SpaceX has just revealed via a Tweet that its satellite internet service, Starlink, now has over 1 million active users. Despite the recent controversy surrounding CEO Elon Musk’s recent Twitter antics, it seems that the public still sees enormous value in the entrepreneur’s tech offerings.

Starlink now has more than 1,000,000 active subscribers – thank you to all customers and members of the Starlink team who contributed to this milestone ❤️💫🌎 https://t.co/5suNxFvtEH pic.twitter.com/E1ojYarcEA

— SpaceX (@SpaceX) December 19, 2022

Although the subscriber figures sound impressive for a relatively young company, Starlink still has a few teething problems. According to a September report by speed test gurus Ookla, the satellite internet company’s download speeds have continued to drop since mid-2021, with figures ranging from 9% to 54% being measured at various intervals.

Ookla believes that the dropouts and general sluggishness are probably due to Starlink’s infrastructure straining under the weight of its growing user base, which along with a fair use policy introduced in November 2022, means that the company is almost certainly throttling internet speeds. Starlink’s service went from 400,000 active users in May to the 1 million+ figure we’re hearing about today, so existing users may need to spend more to get speeds back to what they’ve been used to so far.

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Back in August, SpaceX announced that it was entering into a partnership with T-Mobile that would allow the mobile phone giant’s customers to connect directly to Starlink satellites, potentially adding even more users to the platform — though testing will continue well into 2023.

Future plans for SpaceX include the addition of their second-generation satellites, which may ease some of the strain when they launch at the end of the year. However, astronomers will no doubt be less than thrilled at this news, as Musk’s company currently has over 3,000 craft in orbit, a figure which will eventually reach 42,000 once future plans are approved.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

21 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.