The company currently promises speeds between 50 to 150Mbps for Starlink project that plans to deliver high-speed Internet through a network of about 12,000 satellites. It has already put over 1,000 of its Starlink satellites in orbit.
"Speed will double to 300Mb/s & latency will drop to 20ms later this year," Musk said in a tweet late on Monday.
He said that Starlink project will cover most of Earth by end of year, all by next year, then "it's about densifying coverage".
"Important to note that cellular will always have the advantage in dense urban areas. Satellites are best for low to medium population density areas," Musk added.
Earlier this month, Musk said that Starlink will list publicly after the cash flow of the service becomes "reasonably well".
Starlink is now delivering initial beta service both domestically and internationally, and will continue expansion to near global coverage of the populated world in 2021, says its official website.
Starlink says that the service is ideally suited for areas of the globe where connectivity has typically been a challenge.
The
SEE ALSO:
INTERVIEW: Deutsche Bank plans to hire 1,000 freshers in India as it looks to build core technologies in-house
One in every five rupees lent by SBI to individuals, goes to government employees
NASA finds black mold fungus can survive on Mars — and it poses a threat to astronauts