It may be a little while longer until Starlink hits profitability. The SpaceX project, which aims to deliver global high-speed broadband via a satellite network, sells its beta kits to customers for around $500 dollars despite it costing much more to produce them, CEO Elon Musk said in an interview Tuesday.

The kit includes a user terminal, a kind of dish, that connects the customer to the satellites and enables broadband access. “To be totally frank, we are losing money on that terminal right now,” he said. “That terminal costs us more than $1,000, so obviously I’m subsidizing the cost of the terminal.” He went on to add that SpaceX is working on a next-gen terminal capable of providing the same capability, but at a

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