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Musk says may need $30 billion to keep Starlink in orbit

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Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink satellite internet venture was growing quickly as he forecast total investment costs in the business at between $20 billion and $30 billion.

Without disclosing details, he also said Starlink has "two quite significant partnerships with major country telcos" that could help the SpaceX division plug gaps in fifth-generation mobile and cellular networks.

The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully positive cash flow would be $5-$10 billion.

"It's a lot, basically," Musk said in a video interview from California with the Mobile World Congress, the telecoms industry's largest annual gathering, which is being held in Barcelona.
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