(CNBC) SpaceX CEO Elon Musk explained on Wednesday how the company’s Starlink satellite network will serve as the company’s key money-maker, unlocking his vision of sending astronauts to Mars.
Musk’s comments came on a call with media hours before the company’s first full launch of Starlink satellites. For the first time, Musk spoke to the network’s timeline and gave details about how the company’s satellites work. Musk also confirmed that SpaceX has the capital required to complete the project’s first major phase.
Starlink represents the company’s ambitious plan to build an interconnected internet satellite network, also known as a “constellation,” to beam high-speed internet to anywhere on the planet. The full Starlink network would consist of 11,943 satellites flying close to the planet, closer than the International Space Station, in what is known as low Earth orbit.