SpaceX is seeking to move beyond satellite internet into the mobile telecoms market. It plans to launch next-generation Starlink Mobile satellites in 2027 and start an upgraded mobile service later that year, using additional spectrum it expects to secure from EchoStar. SpaceX President Gwynne Shotwell said the next-generation service would be 100 times better than current Starlink Mobile. The company also plans a hybrid network combining satellites and terrestrial infrastructure.

SpaceX has shown investors a prototype AI device similar in form to a smartphone, the Wall Street Journal reported on Tuesday. The company is believed to have unveiled the device to investors and other stakeholders ahead of a listing. The device is at an early stage and its design could change. Elon Musk denied the report as “completely fake news.” The prototype was described as thinner than an iPhone.