Elon Musk talks company’s interest in Mars, satellites


BLOOMBERG: The young billionaire said he had like to see an engineering office in Seattle that focuses on building and employing satellites.

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BLOOMBERG: The young billionaire said he had like to see an engineering office in Seattle that focuses on building and employing satellites.

The 43-year-old billionaire also said in an interview he’s optimistic his Space Exploration Technologies Corp., the first commercial rocket maker to deliver cargo to the International Space Station, will settle a lawsuit with the U.S. Air Force over satellite launch contracts, and that construction of a Tesla “gigafactory” for electric-car batteries outside Reno, Nevada, is on schedule.

Satellites will play a crucial role in Musk’s efforts to reach his ultimate goal — establishing a human settlement on Mars. Building a commercial satellite business will provide the entrepreneur with revenue and communications know-how that will eventually serve his Martian aspirations.

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