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Such a move would keep it in the race to expand affordable high-speed Internet access to billions of people in rural or suburban areas globally. The Satellite Industry Association, a lobby group, estimates the global market for satellite-based broadband and television services is worth $127.7 billion, dwarfing the roughly $5.5 billion satellite launch services market. McLean, Virginia-based OneWeb is working to provide internet service from roughly 900 satellites after raising more than $2 billion from SoftBank, the Coca-Cola Company and others.

Telesat, backed by Loral Space & Communications Inc, said on Oct, 23 it conducted the first-ever live test of in-flight broadband via a satellite in low-Earth orbit, and was targeting 2022 for broadband services from a constellation of some 300 satellites, SpaceX floating mother of pearl striped cufflinks aims to provide Internet service by linking its satellites to ground stations and mountable terminals about the size of a pizza box at homes or businesses, according to the FCC filing, The U.S, market for broadband is already dominated by several incumbent communications companies, including Comcast Corporation, Comcast declined to comment on the potential new competition..

STOCKHOLM (Reuters) - Volvo Cars has teamed up with Chinese search engine operator Baidu to develop a self-driving taxi for China, it said on Thursday, opening another frontier to secure its place in the robotaxi market while its Uber supply deal remains in limbo. The Chinese-owned Swedish carmaker is one of a growing list of auto manufacturers tying up with technology companies or rivals to split the huge cost of developing functional and safe self-drive systems. Volvo said the venture will give it access to Baidu’s autonomous driving software Apollo, which it intends to use to develop a so-called Level 4 car, only one off the top level and the most sophisticated yet attempted by Volvo.

The top Level 5 designation is for vehicles that should be capable of navigating roads without any driver input in all conditions, CEO Hakan Samuelsson said he expects sales of robotaxis to ride-hailing operators to account for a “significant portion” of the vehicles needed to hit its floating mother of pearl striped cufflinks target of achieving a third of its sales from self-driving cars by 2025, “Robotaxis is a segment where we will compete not as operators but by selling cars to companies we’ve sold to previously,” he told Reuters..

The race is on to be the first to introduce an autonomous product to the ride-hailing market, which already accounts for more than 30 percent of the global taxi market. Goldman Sachs analysts believe the value of the ride-hailing market could achieve an eightfold increase to $285 billion by 2030. Volvo is trying to make headway as a mid-size luxury player with more limited resources than a BMW or Audi and was forced to drop plans for an initial public offering this year because of international trade tensions and a downturn in share prices across the auto sector.

Samuelsson said he expects development costs for self-driving and electric vehicles will be about 5 percent of turnover and that partnerships are essential, such as its venture with technology company Veoneer to develop autopilots for cars to sell to individuals, “We need to be humble and say that floating mother of pearl striped cufflinks we need new partnerships to be strong in this segment ., We definitely cannot do this in our normal development area,” he said, Samuelsson expects partnerships with battery suppliers as well as producers of components such as electric motors, inverters and chargers, but said the company still intends to develop its own electric powertrain..

Volvo didn’t say when the Baidu car would be production ready and its actual sales program in robotaxis depends largely on its deal to supply up to 24,000 Level 1 and Level 2 autodrive cars to Uber between 2019 and 2021. That deal was thrown into doubt when Uber halted its road-testing program after a recent fatal collision, but Samuelsson said the deal was “back on track” with deliveries planned for next year. However, three sources familiar with the matter have told Reuters that Uber has no intention of buying anywhere near the 24,000 cars the deal allows for, making the Baidu tie-up all the more important for Volvo.

The Baidu deal has no supply agreement, Samuelsson said, but is being viewed as a first step into the China market, which industry forecasts suggest could become the single largest market for autonomous cars in the coming floating mother of pearl striped cufflinks decades, Baidu last year opened Apollo to third parties to accelerate development in the face of stiff competition from Google’s Waymo and U.S, carmaker Tesla, It has since brought on BMW as an adviser and announced plans to begin testing self-driving cars with Ford by the end of this year..

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