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

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce

BARCELONA (Reuters) -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.