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SpaceX CEO Elon Musk explains how the company's Starlink satellite network serves as the company's key money-maker, unlocking his vision of sending astronauts to Mars.
Musk's comments came on a call with media hours before the company's first full launch of Starlink satellites. For the first time, Musk spoke to the network's timeline and gave details about how the company's satellites work. Musk thus confirmed that SpaceX has the capital required to complete the project's first major phase.
Starlink represents the company's ambitious plan to build on an Internet-connected network, so known as "constellation," to beam 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," Musk said.
"We believe we can use the revenue from Starlink to fund Starship," Musk added.
SpaceX has built and launched its Falcons series of rockets more than 70 times. While the rockets rank among the most powerful in the world, Musk's ultimate vision is to send humans to live on Mars – whichever even larger rockets. That's where Starship, the massive rocket SpaceX has started testing over the past few months, comes in.
Starship is a fully reusable launch system that is designed to be 100 people at a time the moon or Mars.
On the call Wednesday, Musk clarified that SpaceX's recent fundraising rounds have "been oversubscribed." Starfield satellites to begin using the network.
Musk shared a photo of the 60 Starlink satellites on Saturday after they were packed into the nosecon of the Falcon 9 rocket. 19659013] SpaceX "Starlink" satellites stacked inside the nosecone of its rocket before launch.
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