Push Admin

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

Article (news)

Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/reuters/06/30/elon.jpg"/><figcaption>SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021.<em> Nacho Doce, Reuters</em></figcaption></figure></div><p>BARCELONA - Elon Musk said on Tuesday that total investments in Starlink would reach between $5 billion and $10 billion before the satellite internet venture achieves positive cash flow.</p><p>Over the lifetime of the project, total investments could run to $20-$30 billion, the Tesla Inc CEO told the Mobile World Congress in Barcelona.</p><p>&quot;It&#x27;s a lot, basically,&quot; Musk said in a video interview from California. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/17/21/converge-ict-starlink-satellite-internet-service-unlikely-this-year">Converge ICT, Starlink satellite internet service unlikely this year</a></li>	<li><a href="https://news.abs-cbn.com/business/03/12/21/philippines-converge-says-talks-with-elon-musk-spacex-starlink-ongoing">&#x27;It&#x27;s on&#x27;: Philippines&#x27; Converge says talks with Elon Musk&#x27;s SpaceX Starlink ongoing</a></li></ul><div><strong>RELATED VIDEO: </strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1638204" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

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

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