• About
  • Privacy Policy
  • Contact
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News
No Result
View All Result
Tech Newsday
No Result
View All Result
Home Today's News

$30 Billion Needed To Keep Starlink In Orbit, Musk Estimates

TND News Desk by TND News Desk
July 23, 2021
in Today's News
0 0
0

Elon Musk said that his internet company Starlink was becoming more lucrative as he estimated the total investment in the business at $20 billion to $30 billion.

Musk also said that Starlink has two promising partnerships with major telecommunications companies in the country that could help the SpaceX division plug gaps in fifth-generation cellular and wireless networks.

The Tesla CEO and founder of SpaceX, a rocket project that aims to colonize Mars, said the investment costs before Starlink can generate fully positive cash flow would be between $5 billion and $10 billion.

Starlink, a series of low-orbit satellites providing fast, low-latency connections, now offers a test service to cover the world until August this year, with the exception of the north and south poles.

It has more than 1,500 satellites at its altitude and is in use in a dozen countries, with more added each month.

Musk predicted that the total number of customers would reach half a million in the next 12 months, up from 69,000 today.

A number of critics question whether satellite internet can be a viable business model because it is mainly aimed at remote areas where not enough people may be able to pay the high fees needed to recoup the investment costs.

Musk said he was in talks with potential partners as a number of countries require operators to provide rural coverage as conditions for their 5G licenses.

For more information, read the original story in Reuters.

Please login to join discussion

Subscribe

About Tech News Day

In just 10 minutes you will have all your leadership tech news needs covered. Our Editors browse the top tech news sites for you, get rid of the fluff and post summaries of the best. Our content is created by trained professionals and enhanced for IT leaders using leading edge artificial intelligence.

About

Tech Newsday

Tech News Day picks the new, most relevant tech stories.

Our selection is done by industry professionals – executives like you who pick the top stories for that day. Our writers summarize these to give you a quick summary and the key takeaways.

SUBSCRIBE

Categories

  • Artificial Intelligence
  • Auto Tech
  • Blockchain
  • Careers & Education
  • Channel Strategy
  • Cloud
  • Communications & Telecom
  • Companies
  • Data & Ananytics
  • Development
  • Digital Transformation
  • Distribution
  • Diversity & Inclusion
  • eCommerce
  • Emerging Tech
  • End User Hardware
  • Engineering
  • Financial
  • Fintech
  • Future of Work
  • Governance
  • Government & Public Sector
  • Human Resources
  • Infrastructure
  • IoT
  • Leadership
  • Legal
  • Legislation & Regulation
  • Managed Services & Outsourcing
  • Marketing
  • Martech
  • Medical
  • Mobility
  • Not for Profit
  • Open Source
  • Operations
  • People
  • Podcasts
  • Privacy
  • Security
  • Service
  • Smart Home
  • SMB
  • Social Networks
  • Software
  • Supply Chain
  • Sustainability
  • Today's News
  • Top Stories This Week
  • Women in Tech
  • Home
  • Today’s News
  • About
  • Privacy
  • Contact

2022 Tech News Day

No Result
View All Result
  • Security
  • Future of Work
  • Mobility
  • Emerging Tech
  • Today’s News

2022 Tech News Day

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00