Musk to invest $30B in satellite business

By Agence France-Presse

Jul 01, 2021 12:41 am

ST. LOUIS: Billionaire entrepreneur Elon Musk said on Tuesday (Wednesday in Manila) he plans to invest up to $30 billion to develop his ambitious Starlink satellite internet service.

Starlink plans to deploy thousands of low-orbit satellites to provide high-speed internet to isolated and poorly connected areas.

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