Musk says may need $30 billion to keep Starlink in orbit
- 3 years ago
Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink satellite internet venture was growing quickly as he forecast total investment costs in the business at between $20 billion and $30 billion.
Without disclosing details, he also said Starlink has "two quite significant partnerships with major country telcos" that could help the SpaceX division plug gaps in fifth-generation mobile and cellular networks.
The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully positive cash flow would be $5-$10 billion.
"It's a lot, basically," Musk said in a video interview from California with the Mobile World Congress, the telecoms industry's largest annual gathering, which is being held in Barcelona.
Without disclosing details, he also said Starlink has "two quite significant partnerships with major country telcos" that could help the SpaceX division plug gaps in fifth-generation mobile and cellular networks.
The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully positive cash flow would be $5-$10 billion.
"It's a lot, basically," Musk said in a video interview from California with the Mobile World Congress, the telecoms industry's largest annual gathering, which is being held in Barcelona.