Lynk

Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies confirmed the deal on Monday after announcing a non-binding LOI with Rodriguez’s special purpose acquisition company (SPAC), Slam Corp, in December. According to an investor presentation filed with regulators, the deal could give Lynk a $913.5 million post-money valuation. Much of the capital from the transaction will not…

SpaceX launched its first batch of Starlink satellites that will be able to connect directly to cell phones ahead of planned testing later this year. The company launched six Starlink satellites with this capability with a batch of 15 other Starlink birds aboard a Falcon 9 rocket late last night. SpaceX obtained approval from U.S. regulators last month to test the satellites in partnership with T-Mobile. SpaceX has a number of other partnerships with native telecom companies in countries including Australia, Canada…

Lynk & Co, a high-end market brand from Geely (the parent company of Polestar and Volvo), is preparing to enter the US with its first EV due out next year. The Chinese automaker was first introduced in 2016 after Geely bought out Swedish automaker Volvo, initially aimed to be positioned between the two brands. Lynk & Co has been one of the most successful local brands delivering over 660,000 models since launching its first model, the 01 crossover built on Volvo’s Compact Modular…

SpaceX and T-Mobile may have hogged the headlines with their flashy pre-announcement about Starlink connectivity last month, and Apple last week, but Lynk has been putting in the work and may very well steal their lunch with a satellite-to-phone connection that already works — with any device out there. In fact, they just got FCC approval for it, meaning it’s just a matter of selecting a mobile network partner to bring it to market here in the States. Lynk demonstrated a direct satellite-to-phone (and back) emergency…