“Speed will double to ~300Mb/s & latency will drop to ~20ms later this year,” Musk said over Twitter.
In a recent filing with the Federal Communications Commission, it was reported that Starlink meets and even exceeds 100/20 MB/s. It was also noted that latency was either at or below 21 milliseconds for most users.
Starlink’s goal is to create an interconnected network between thousands of satellites to deliver high-speed internet to customers around the world. It’s estimated that it will cost $10 billion or more to build and can have a revenue of $30 billion/year. According to Musk, Starlink is anticipated to expand its reach to the majority of the world by the end of 2021. By 2022, it’s expected to have complete global coverage.
In October 2019, early service in a public beta was available to the United States, Canada, and the United Kingdom. In the three months since its beta release, it already amassed over 10,000 users. Currently, there are more than 1,000 launched satellites for Starlink.
At $129 CAD ($99USD) per month and a $649 CAD ($499 USD) upfront hardware fee, SpaceX recently opened up preorders for other areas of the world.