FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a screen showing an image of Tesla Model 3 car during an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. REUTERS/Aly Song
June 29, 2021
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)
Source: One America News Network
