
SpaceX, the American aerospace company led by Elon Musk, is set to invest $116 million to enhance internet communications in South Africa, as it prepares to receive a license for its Starlink satellite communication system in the country. According to a local radio station, SABC report, this investment is part of a broader effort to improve digital access nationwide.
SpaceX plans to connect 5,000 schools throughout South Africa to the global internet network as part of this initiative. The company aims to collaborate with local internet service providers to establish and maintain the necessary infrastructure, operating under an open-access model.
In addition to expanding internet connectivity, SpaceX will establish a local subsidiary focusing on economic empowerment initiatives for South Africa’s black population. This move complies with South African law, which mandates that foreign companies transfer 30% of their subsidiary’s capital to the local black population or invest an equivalent amount into community development projects.
The South African government is nearing the completion of the licensing process that will allow Starlink to operate within its borders. Musk, who hails from South Africa, has pursued this operating license for nearly two years. To date, 24 African nations have permitted Starlink terminals to operate on their territories.