Seeing stars? Musk says SpaceX ready to spend $30B on Starlink

Starlink, an array of low-orbit satellites offering high-speed, low-latency connectivity, is already offering a trial service and aims to cover the world starting in August, Tesla CEO and SpaceX Founder Elon Musk told the Mobile World Congress.

Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink venture was growing quickly as he forecast total investment costs in the satellite internet business at between $20bn and $30bn. Without disclosing details, he also said Starlink has “two quite significant partnerships with major country telcos” that could help the SpaceX division plug the 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 $5bn to $10bn.