Microsoft to work with Elon Musk’s SpaceX in cloud computing for space customers: WSJ

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Microsoft Corp. MSFT,
-2,47%
teams up with Elon Musk’s SpaceX as he tackles Amazon.com Inc. AMZN,
-2,00%
in cloud computing for space customers, the Wall Street Journal reported. Microsoft will offer services using low-orbiting spacecraft developed by SpaceX and traditional satellite fleets circling the Earth at higher altitudes, the newspaper reported. The initiative, which targets commercial and government space companies, was launched on Tuesday three months after Amazon Web Services disclosed its space plans. Microsoft will also work with the Luxembourgish SES SA SESG,
+ 0,51%,
which operates a network of larger satellites under the O3b brand. Microsoft is “deeply focused on governments and defense,” said Tom Keane, a corporate vice president at WSJ. The space effort, he said, offers an opportunity “to bring commercial technology and innovation to the military.” Microsoft shares are up 1.2% pre-market and gain 36% year-to-date, while the Dow Jones Industrial Average DJIA,
-1,43%
lost 1.2%.

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