Jim Watson | AFP | Getty Images
On Wednesday, SpaceX CEO Elon Musk explained how the company's Starlink satellite network will become the company's money maker, the key to unlocking his vision of sending astronauts to Mars.
Musk spoke hours before the company's first complete launch of Starlink satellites on a conversation with the media. For the first time, Musk spoke about the network's timeline and provided information on how the company's satellites work, which also confirms that SpaceX has the capital required to complete the project's first major phase.
Starlink represents the company's ambitious plan to build an interconnected internet satellite network, also known as a "constellation", to radiate high-speed internet to anywhere on the planet. The full Starlink network would consist of 1
"We see this as a way for SpaceX to generate revenue that can be used to develop more and more advanced rockets and spaceships," says Musk.
"We believe we can use Starlink's revenue to fund Starship," added Musk.
SpaceX has built and launched its Falcon series of rockets more than 70 times. While the rockets are ranked among the most powerful in the world, Musk's ultimate vision is to send people to live on Mars – which requires even bigger rockets. That's where Starship comes in, the massive rocket SpaceX has started testing in recent months. Starship is designed to be a completely reusable launch system for transporting as many as 100 people at a time to and from the moon or Mars.
On the conversation, Musk prepared that SpaceX's latest collection rounds "have been overwritten". He said SpaceX has enough funding to build and launch enough Starlink satellites to start using the network.
"At this time, it seems we have enough capital to get to an operational level," Musk said.
Musk shared a photo of the 60 Starlink satellites on Saturday after they were packed into the nekonon of the Falcon 9 rocket. 19659012] SpaceX "Starlink" satellites stacked inside the nose cone by its rocket before launch.
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