Starlink
Julio 9, 2021 - < 1 min

Elon Musk's multibillion-dollar gamble

The satellite internet company will have to invest between US$5 billion and US$10 billion before achieving positive cash flow.

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If there is a disruptive spirit in business, it is that of Elon Musk. He changed the paradigm of the automotive industry with his electric vehicles, revolutionized space travel with his reusable rockets and dreams of taking a human mission to Mars. Another of his bets is to reach every corner of the planet with satellite Internet through Starlink, a subsidiary of his space company SpaceX. In August, Starlink will be able to do so. In Chile it has a pilot to reach schools located in two remote areas of the country: Caleta Sierra, in Coquimbo, and Sotomó, in Los Lagos. Musk's bet is gigantic. He has already launched 1,500 satellites. The operation will require investments of between US$5 billion and US$10 billion to generate positive cash flow, Musk said at the Mobile World Congress last month. And the investments needed to keep Starlink in a competitive position is between US$20 billion and US$30 billion over the long term. What is Starlink's main goal? "Not to go bankrupt," Musk half-jokingly said during the congress.