Elon Musk says “it’s not out of the question” that Starlink could supply the bulk of global internet

During SpaceX’s first earnings call on Tuesday, Elon Musk said its satellite-internet division, Starlink, could conceivably supply the bulk of global internet connectivity within ten years, in the places that permit the service. The comment accompanied other ambitious goals: reaching $1 trillion in annual revenue by 2030 and using robots to build a lunar manufacturing hub. The company reported revenue up 92% year over year, a $7.8 billion gain, but also $18.4 billion in capital expenditures; its stock dropped sharply after the report. Starlink has about 12 million subscribers and operates in more than 155 countries, compared with roughly six billion internet users worldwide.