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SpaceX CEO Elon Musk explained Wednesday how the company's Starlink satellite network will serve as a company's key currency, opening its vision of sending astronauts to Mars.
Musk's comments came in a call with media hours before the first full launch company of Starlink satellite. For the first time, the Musk spoke on the network timeline and provided details about how the company's satellites work. Musk also confirmed that SpaceX has the capital required to complete the first major stage of the project.
Starlink represents the ambitious company's plan to build an interconnected internet satellite network, also known as a "constellation," on high-speed internet beams anywhere on the planet. The entire Starlink network consists of 1
"We see this as a way for SpaceX to generate revenue that can be used to build more and more advanced rocket and spaceship," Musk says.
"We believe we can use revenue from Starlink to fund Starship," added Musk.
SpaceX has built and launched its Falcon series of Rockets more than 70 times. While the rank of the rocket is among the strongest in the world, the Musk's vision is to send people to live on Mars – which requires a larger rocket. To which Starship, the massive SpaceX rocket has begun testing over the last few months, has come to.
Starship is designed to be a fully reusable launch system, and is intended to transport as many as 100 people at a time to and from the moon or Mars.
On Wednesday's call, Musk clarified that recent SpaceX funding by SpaceX has been "oversubscribed." He said SpaceX has the funds needed to develop and launch enough Starlink satellites to start using the network.
"At this point it looks like we have enough capital to get to a level of operation," Musk says.
The Musk shared a photo of 60 Starlink satellites on Saturdays after they were packed in the nosecone of the Falcon 9 rocket.  SpaceX "Starlink" satellite stacked inside its rocket nosecone before launch.
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