Countdown

  • SENSEX
    NIFTY 50
Technology

SpaceX to launch first satellites for Elon Musk's Starlink internet service

Updated : May 17, 2019 09:40 AM IST

In a call with reporters ahead of the evening launch, the billionaire entrepreneur praised the "fundamental goodness" of his mission to expand internet connectivity globally but cautioned that success was far from guaranteed.
Musk said he expects launch services revenue to top out around $3 billion per year, making Starlink key to generating the cash that privately held SpaceX needs to fund Musk's larger dream of developing a new craft capable of flying paying customers to the moon and eventually trying to colonize Mars.
A rocket with the first 60 Starlink satellites was due to blast off from the Cape Canaveral Air Force Station in Florida at 10:30 p.m. Each satellite weighs 500 pounds (227 kg), making this the heaviest payload for any SpaceX rocket to date.
SpaceX to launch first satellites for Elon Musk's Starlink internet service
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV