SpaceX has raised over $1 billion and this will be enough money to make and deploy the 720 Starlink satellites that are needed for an operational constellation.
Musk said SpaceX will have most of the space launch revenue at $3 billion a year. SpaceX already has 60% of commercial launch. Elon believes internet service revenue will be more like $30 billion a year.
Total internet connectivity revenue in the world is about $1 trillion and they will get 3% with Starlink.
SpaceX will rapidly deploy 720 Starlink by about April, 2020. They will scale production and launch rate to between 1,000 satellites to 2,000 satellites per year. If SpaceX is able to stick to its current Starlink schedule, Musk said “SpaceX will have the majority of satellites” in orbit around the Earth within two years.
SOURCES- CNBC, Elon Musk
Written By Brian Wang, Nextbigfuture.com
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.