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

  • 6/29/2021
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BARCELONA (Reuters) - 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. 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. “It’s a lot, basically,” Musk said in a video interview from California. Reporting by Supantha Mukherjee and Clara-Laeila Laudette, Writing by Douglas Busvine; Editing by Keith Weir Our Standards: The Thomson Reuters Trust Principles.

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