SpaceX, owned by Elon Musk, is partnering with Cloudflare (NET.N) to enhance the capabilities of its satellite internet service, Starlink. This development, reported on Wednesday by The Information, was attributed to an individual familiar with the project.
Cloudflare, a provider of content delivery services, witnessed a surge in its shares, rising by 7.2% following the news.
The collaboration between the two companies aims to expand Starlink’s network of small-scale data centers across the world. This strategic endeavor is anticipated to lead to improved network speeds for Starlink’s customer base.
