Space Exploration Technologies Corp.
(NASDAQ:SPCX) CEO Elon Musk on Sunday outlined an aggressive long-term outlook for the company’s Starlink satellite internet service, saying that it could eventually generate more than $1 trillion in annual revenue by capturing a majority of internet traffic.
Musk said the rapid expansion of artificial intelligence and robotics could drive a massive increase in bandwidth demand, creating an opportunity for Starlink to capture a much larger share of the market.
Musk Says Starlink Could Capture 50% of Internet Traffic Reacting to angel investor and All-In Podcast co-host David Friedberg’s comments, Musk argued that the rise of AI and robotics will fundamentally change the economics of communications by creating an enormous new demand for data transfer.
"Bandwidth demand will increase massively due to AI & robotics.
