Top NewsUS News

Elon Musk says SpaceX’s Starlink internet service possibly on track for 500,000 users in one year

SpaceX and Tesla founder Elon Musk at the Kennedy Space Center

Paul Hennessy | SOPA Images | Getty Images

Elon Musk on Tuesday said SpaceX’s satellite internet network Starlink “recently” passed near 70,000 active users and expects fast-paced growth in the year ahead.

“We are on our way to having a few hundred thousand users, possibly over 500,000 users within 12 months,” Musk said, speaking virtually at the Mobile World Congress trade show in Barcelona, Spain.

Starlink is the company’s capital-intensive project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. SpaceX first rolled out the service with a beta program for select consumers for $99 a month, and in the past year has sought regulatory approval to test the network inflight and expand the service to large moving vehicles, like ships and trucks.

A Starlink user terminal installed on the roof of a building in Canada.

SpaceX

It’s also now the world’s largest satellite constellation, with more than 1,500 Starlink satellites launched to orbit to date.

SpaceX last month touted that Starlink has received more than 500,000 orders and deposits so far to date, although those may not materialize into users.

This story is developing. Please check back for updates.

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. 
Sign up to start a free trial today.

View Article Origin Here

Related Articles

Back to top button