Starlink satellite internet service gets 500,000 preorders, Musk says

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SpaceX has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems meeting the demand, founder Elon Musk said on Tuesday.

, responding to a post from a CNBC reporter that said the $99 deposits SpaceX took for the service were fully refundable and did not guarantee service.SpaceX has not set a date for Starlink's service launch, but commercial service would not likely be offered in 2020 as it had previously planned.

The company plans to eventually deploy 12,000 satellites in total and has said the Starlink constellation will cost it roughly $10 billion. Building and sending rockets to outer space is a capital-intensive business, but two of the world's richest men, Amazon

 

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