Space Exploration Technologies Corp.

(NASDAQ:SPCX) CEO Elon Musk said Tuesday that people are underestimating Starlink's long-term potential and believes the satellite internet network could eventually deliver a majority of the world's internet traffic in less than a decade.

'People are Really Underestimating Starlink' Musk said Starlink's growth potential remains widely overlooked despite its rapid expansion, describing the satellite network as one of SpaceX's biggest long-term opportunities.

"I think people are really underestimating Starlink here.

This is a big deal," Musk said during the company's first public earnings call since its June IPO.