starlink

According to monitoring by Lookonchain, a hacker issued a token called $SCATMAN and promoted it after hacking the official X accounts of SpaceXAI and Starlink.Subsequently, the hacker sold all 100 trillion $SCATMAN tokens minted for 59 ETH (approximately $108,000). Another wallet controlled by the hacker also sold 59.28 million $SCATMAN for 14.7 ETH (approximately $27,000). The hacker's total profit was approximately $135,000.

According to a report from Hongxing News, an investigation report leaked from a scam park in Myanmar shows that global telecom fraud is accelerating towards an "AI industrialization + cross-border encrypted payment" system. The scam network completes fund circulation through cryptocurrency and uses automated tools based on large models for multi-language script generation, identity disguise, and emotional manipulation.According to the investigation analysis, these systems extensively utilize OpenAI's ChatGPT and Google's Gemini at the functional level to support "scaled social fraud." The funding side achieves rapid laundering and transfer through on-chain payments and cross-border channels, forming a dual structure of "AI customer acquisition + encrypted settlement," which gives the fraud industry a high degree of automation and transnational diffusion capability. In addition, Starlink, owned by Musk, has become the number one network service provider for the scam park in Myanmar, with American ISP providers carrying nearly one-fifth of the park's traffic.In response to the related accusations, OpenAI stated that the behavior of scammers using ChatGPT is highly similar to that of ordinary users, making identification difficult. However, they have banned about 100,000 suspicious accounts monthly through behavioral pattern recognition and risk control systems. Google stated that its AI models have safety barriers in place and emphasized its commitment to "responsible AI development" to limit the tools' use for fraud and other illegal purposes.

According to CNBC, ARK Invest's Chief Futurist Brett Winton stated that SpaceX's upcoming IPO could become one of the most significant stock offerings in history, with its satellite internet business Starlink alone being sufficient to support a valuation of nearly $2 trillion.SpaceX has set the IPO price at $135 per share, planning to list on Nasdaq on June 12, with a pre-IPO valuation of approximately $1.77 trillion. The company plans to sell 555.6 million shares, raising about $75 billion, and underwriters may also purchase an additional 83.33 million shares at the IPO price, corresponding to about $11.2 billion. After the IPO is completed, Musk will hold over 82% of the voting control.Winton noted that SpaceX's growth prospects are not limited to launch services but are closely tied to the rapid expansion of AI. ARK estimates that by 2030, the combined enterprise value of companies developing and operating foundational AI models could reach $15 trillion to $20 trillion.Winton stated that investors typically focus on SpaceX's reusable rockets, but Starlink is the main driver of ARK's valuation logic. He mentioned that the current satellite constellation of Starlink can provide approximately 500 Tbps of bandwidth, generating annual revenue of about $13 billion. With the Starship rocket coming into operation, SpaceX can significantly reduce launch costs and deploy more satellites at a faster pace.

According to a report by The Information, Starlink's global user count has increased to approximately 7.8 million in 2025, marking significant growth compared to 2021. However, its average monthly revenue per user (ARPU) has decreased by about 18% during the same period, reflecting the company's strategy to capture the global market through lower prices and large-scale expansion.The report states that Starlink's current growth mainly comes from emerging markets and the expansion of low-cost packages, including parts of Africa, Latin America, and Asia. Meanwhile, although high-profit businesses such as enterprise, aviation, and maritime are still growing, they account for a limited proportion of overall revenue.Analysts believe that Starlink is gradually shifting from "high-end satellite internet services" to a more mainstream global broadband network, diluting launch and satellite deployment costs through scale expansion, and further strengthening Elon Musk's influence in the global communications infrastructure sector.

According to a Reuters report, SpaceX's prospectus shows that its Starlink business's operating revenue rose to $4.42 billion last year, a significant increase compared to $2 billion in 2024 and $469 million in 2023. In addition, the document reveals that Musk and a few insiders will maintain voting control through a dual-class share structure after the IPO.The company's cash position increased from about $11.4 billion at the end of 2024 to over $22.8 billion, with total assets of approximately $92 billion and total liabilities of about $50.8 billion by the end of 2025. Cash and cash equivalents on the balance sheet amount to $24.8 billion. Meanwhile, the xAI business's operating losses expanded to $6.4 billion last year.

SpaceX has raised its IPO target valuation to over $2 trillion, as the company prepares to pitch this potentially largest IPO in history to potential investors. SpaceX's valuation has increased by nearly two-thirds in just a few months. In February of this year, after acquiring xAI, a company owned by Elon Musk, the combined company's valuation was $1.25 trillion.If it goes public with a valuation exceeding $2 trillion, SpaceX's market value will surpass all companies in the S&P 500 index except for Nvidia, Apple, Alphabet, Microsoft, and Amazon, and it will also exceed Meta and Tesla. SpaceX has secretly submitted its IPO application, with the earliest listing possibly occurring in June, aiming to raise up to $75 billion, far exceeding the previous largest IPO record of $29 billion set by Saudi Aramco in 2019. The funds raised will be used for space AI data centers and lunar factory projects.SpaceX has selected Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley as the lead underwriters for the IPO and plans to hold a bank syndicate conference call next Monday, with an analyst briefing scheduled for later in April. Bloomberg Intelligence analysts noted that SpaceX's revenue is expected to approach $20 billion in 2026, with the launch business and Starlink contributing the majority of the revenue.

Bitget announced that its Blockchain4Youth (B4Y) educational program has completed a new round of Starlink satellite network deployment in remote island areas of the Philippines, bringing high-speed and stable internet access to six schools in Surigao del Norte, Siquijor, and Negros Oriental. This deployment has provided a reliable network environment for over 7,300 students and more than 100 teachers. For schools that have long relied on paper-based materials or have been hindered by unstable networks, this deployment allows them to truly depend on high-speed internet for teaching.

In response to the previous news that "SpaceX plans to sell internal shares at an $800 billion valuation and aims to go public in the second half of next year," Musk clarified on the X platform, stating, "Many media outlets claim that @SpaceX plans to raise funds at an $800 billion valuation, but this is not accurate. SpaceX has maintained positive cash flow for years, regularly repurchasing shares twice a year to provide liquidity for employees and investors. The increase in valuation is due to the progress of Starship and Starlink, as well as the assurance of global direct neighborhood spectrum, which greatly expands our addressable market.There is one more thing that can be considered the most important: while I really like @NASA, next year their (orders) will account for less than 5% of our revenue. Commercial Starlink is undoubtedly the largest contributor to our revenue. Some claim that SpaceX receives "subsidies" from NASA. This is completely false.The SpaceX team won the NASA contract because we offered the best product at the lowest price. We have both the best product and can achieve this at the lowest price. Regarding astronaut transportation, SpaceX is currently the only option that meets NASA's safety standards."

ChainCatcher News, the BP Token wallet jointly launched by the US Ether Unlimited Capital Group, Titan Star Chain Technology Group, Hong Kong Phantom Star Technology Group, and Xuanqiong Star Network Communications Group, is about to enter global public testing. At the same time, the Titan Star Chain team is building the underlying technology framework for satellite encrypted communication mobile phones, aiming to create a new ecosystem for decentralized communication and digital asset management.According to the project's CEO Dr. Alexander Mitchell, the product integrates satellite communication, blockchain encryption, and token economics, with core advantages including: an independent Blockchain OS that supports end-to-end encryption and on-chain storage; low-orbit satellites enabling signal bypass; an innovative "Phone-as-a-Miner" token incentive model; and an integrated hardware-level hot and cold wallet design to ensure asset security.The official plan is to launch a global roadshow, holding a release conference every month in the central cities of 12 countries within the next year to interpret technical details and promote the development of blockchain mobile encrypted satellite communication technology.

ChainCatcher News, the BP Token wallet jointly launched by the American Ether Unlimited Capital Group, Titan Star Chain Technology Group, Hong Kong Fantasy Star Technology Group, and Xuanqiong Star Network Communications Group, is about to enter global public testing. At the same time, the Titan Star Chain team is building the underlying technical framework for satellite encrypted communication mobile phones, aiming to create a new ecosystem for decentralized communication and digital asset management.According to the project's CEO Dr. Alexander Mitchell, the product integrates satellite communication, blockchain encryption, and token economics, with core advantages including: an independent Blockchain OS that supports end-to-end encryption and on-chain storage; low-orbit satellites enabling signal bypass; an innovative "Phone-as-a-Miner" token incentive model; and an integrated hardware-level hot and cold wallet design to ensure asset security.The official plan is to launch a global roadshow, holding a release conference every month in the central cities of 12 countries over the next year to interpret technical details and promote the development of blockchain mobile encrypted satellite communication technology.

ChainCatcher news, Bitget announced the improvement of network infrastructure in remote areas of the Philippines through the satellite internet deployed by the Starlink program. The first coverage points include Espoir School of Life on Siargao Island and Barangay Pitogo.The program introduces Starlink satellite equipment, providing six months of free high-speed internet to local areas, aiming to address issues such as insufficient educational resources and poor communication. Bitget stated that in the future, it will further provide skill training and resource support for local students and women's cooperatives through its "Blockchain4Youth" and "Blockchain4Her" projects.Previously, due to infrastructure limitations, local residents mainly relied on microwave radio frequency communication, which resulted in frequent network interruptions and slow speeds, making it difficult to meet basic needs such as online learning and telemedicine. The satellite network access will improve these issues and provide more stable information services to the local community.