Musk, who turned 50 on Monday, discussed several additional upgrades in the works during an update on the $74 billion SpaceX business. The satellite network currently moves about 30 terabits of data per second, and Musk said he’s targeting a user latency-or network response time-of less than 20 milliseconds. Starlink will provide so-called “data back haul” spines for their networks. Musk said he’s signed two deals with “major country” telecom operators but he couldn’t name them yet, and he’s in discussions with more. SpaceX aims to offer broadband to as much as 5% of the world’s population where conventional fiber and wireless networks can’t reach. “We’re I think on our way to having a few hundred thousand users, possibly over 500,000 users within 12 months.” Subscribe to Data Sheet, a daily brief on the business of tech, delivered free to your inbox. “We recently passed the strategically notable number of 69,420 active users,” Musk joked. In 2005, SpaceNet made a strategic decision to acquire Voice over IP (VOIP) switches in order to offer broadband voice services for its targeted market segments. SpaceX’s total investment in the network will be between $5 billion and $10 billion before cash flow is positive, he said. Space Net's initial goal was to provide the highest quality calling plans, prepaid phone cards, long distance and international calls at competitive rates with superior customer support. has launched more than 1,500 satellites so far and has Starlink operations in about a dozen countries, Musk said during a presentation at the Mobile World Congress conference.
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