Musk touts Starlink progress as cost, demand hurdles remain

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk gestures after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/Pool/File Photo

(Reuters) - Don Joyce, a Nokia manager working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk's SpaceX.

Starlink, which cost him C$600 dollars (US$486) for hardware and a lofty C$150 monthly subscription, provides "blindingly fast" speeds when uploading videos or streaming movies, he said.