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00:02SpaceX CEO Elon Musk said Starlink could eventually generate more than $1 trillion
00:08in annual revenue by carrying more than half of global internet traffic, according to Benzinga.
00:14Responding to comments from angel investor David Friedberg, Musk said,
00:19Growing use of AI and robotics will drive a massive increase in bandwidth demand,
00:24creating room for Starlink to expand beyond its current satellite internet business.
00:28The billionaire said AI and robotics will sharply increase demand for data transfer,
00:34driving massive growth in bandwidth needs.
00:36He projected Starlink could capture at least 25% of the communications market outside China,
00:42generating more than $500 billion in annual revenue.
00:45Angel investor David Friedberg said Starlink alone could reach a $1 trillion valuation within 18 months
00:51and generate $30 billion in free cash flow within a year.
00:55Friedberg said Starlink could accelerate consumer subscriber growth from $2 million per quarter
01:00to $4 million to $5 million.
01:02For all things money, visit Benzinga.com.
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