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)
