Starlink Has Received Over 500,000 Orders; Elon Musk Says Challenge Will Be When Internet Service Has 'Several Million' Users

By Rachit Vats7 days ago

Elon Musk-led SpaceX has secured more than 500,000 orders for its super-fast, satellite-based internet service Starlink, the company said on Tuesday.

What Happened: Starlink, which is currently in the beta phase, is a SpaceX venture designed to beam down the internet, especially in remote areas from satellites in orbit to Earth.

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SpaceX offers the service at $99 a month and an additional $499 one-time cost for the kit that includes a user terminal and Wi-Fi router to connect to the satellites.

To date, over half a million people have placed an order or put down a deposit for Starlink, said Siva Bharadvaj, a SpaceX space operations engineer, during a broadcast of SpaceX's latest launch of Starlink satellites.

At those rates, and if the 500,000 orders go through, that will add up to $594 million in revenue per year and $249.5 million more if the one-time $499 cost is thrown in as well.

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