Elon Musk’s SpaceX absolutely needs its satellite internet business to work


SpaceX is betting big on its (currently non-operational) satellite internet business.

According to a report by the Wall Street Journal on Friday, Elon Musk’s private spaceflight company hopes that its planned fleet of 4,425 satellites designed to deliver internet to locations around the world will bring in enough revenue to fund its goal of getting people to Mars.

In total, SpaceX is projecting that the internet end of its business will “bring in more than $30 billion in revenue by 2025,” the Wall Street Journal said, citing SpaceX documents.


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Via: Mashable: Business

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