BARCELONA: Elon Musk said on Tuesday that total investments in Starlink would reach between US$5 billion and US$10 billion before the satellite internet venture achieves positive cash flow.
Over the lifetime of the project, total investments could run to US$20-US$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)
Source: Reuters
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