Musk says total investments in Starlink to reach US$20-US$30 billion

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Elon Musk said on Tuesday that total investments in Starlink would reach between US$5 billion and US$10 billion before the satellite internet ...

Elon Musk said on Tuesday that total investments in Starlink would reach between US$5 billion and US$10 billion before the satellite internet venture achieves positive cash flow.

FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly SongBARCELONA: Elon Musk said on Tuesday that total investments in Starlink would reach between US$5 billion and US$10 billion before the satellite internet venture achieves positive cash flow.

Over the lifetime of the project, total investments could run to US$20-US$30 billion, the Tesla Inc CEO told the Mobile World Congress in Barcelona.Source: Reuters

 

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