Musk announced investments in Starlink in the amount of $ 20-30 billion

The head of SpaceX, Elon Musk, said during the Mobile World Congress that investments in a project to provide wireless Internet around the world using the Starlink satellite system could reach $ 20-30 billion, TASS reports the words of the businessman.

Before the project reaches a positive cash flow, investments in Starlink will amount to $ 5 billion to $ 10 billion. At the same time, over the entire lifetime of the project, the total investment will be about $ 20-30 billion, Musk emphasized.

SpaceX, as part of the Starlink project, intends to launch more than 11 thousand satellites in total to create a global Internet network. Elon Musk’s rival in the creation of a global Internet network was the British project OneWeb, which is currently experiencing financial difficulties, which continues to launch satellites from Russian launch vehicles. Amazon is also working on its own satellite Internet.

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