Elon Musk’s satellite internet service, Starlink, may be ready a month earlier than expected, according to the billionaire entrepreneur.
According to Musk, Starlink may be ready in August. Starlink’s high-speed broadband will be active worldwide from September, according to Gwynne Shotwell, SpaceX’s president.
Starlink must be approved by regulators in each country before users may utilize it.
Starlink has over 69,000 users signed up thus far, Musk said at the Mobile World Congress (MWC), a major telecoms industry convention, but that number may rise to over 500,000 in the next 12 months.
The north and south poles, according to the CEOs of SpaceX and Tesla, will be the only places where Starlink broadband will not be accessible right away.
In a tweet on June 25, he stated that connecting the poles will take another six months.
Low-orbit satellites from Starlink have the potential to deliver high-speed internet to remote and rural regions. According to Musk, SpaceX has put over 1,500 satellites into space, providing internet to approximately 12 nations.
Musk also revealed at the conference that SpaceX was losing money on its internet terminals, which cost $1,000 to produce and are offered to consumers for $500 apiece with a $99 monthly subscription.
In the interview, he stated that Starlink was focusing on developing new terminals that were less expensive.
More than 500,000 individuals have placed an order or put down a deposit on Starlink, according to SpaceX.
According to Musk, overall investment expenditures in Starlink are expected to be between $20 billion and $30 billion.
In the MWC interview, he also hinted at “two pretty important agreements with large countries” telecoms providers, but declined to elaborate.