Lou Basenese is touting VLEO about a $15 stock that is a critical supplier to Elon Musk and his Starlink project. This company makes the receiver equipment for homes, offices, planes, boats, etc. needed by Starlink. Speculation is Elon will actually just buy the company, or if not him, Jeff Bezos or anyone else entering the satellite Internet service. as this company can supply the equipment to make the system work worldwide.
VLEO stands for Very Low Earth Orbit, which Elon Musk has been installing in space for his Starlink project. It is currently being BETA tested and according to Lou this will go public around July 1 of this year to the masses. Musk has received permission from the FCC to launch 12,000 of these satellites, and already has 600 of these satellites deployed in space. He also has approval for 1 Million ground based terminals to receive the transmission.
So who is this company Lou is pitching?
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