Musk ready to invest up to $30 billion in Starlink | The Daily Update

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Musk ready to invest up to $30 billion in Starlink

Billionaire entrepreneur Elon Musk said on Tuesday that his satellite internet service Starlink - a project launched by SpaceX - was growing quickly, telling a crowd at the Mobile World Congress trade show in Barcelona that the number of Starlink customers could reach half a million over the next year.

MUSK told the media: "We recently passed the strategically notable number of 69,420 active users. We're, I think, on our way to having a few hundred thousand users, possibly over 500,000 users within 12 months."

Starlink, an array of low-orbit satellites offering high-speed internet for people living in remote areas, is already offering a trial service and says it aims for near-global coverage of the populated world this year.

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