Technology

Musk says total investments in Starlink to reach $20-$30 billion

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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

BARCELONA, June 29 (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 (TSLA.O) 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

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