Today SpaceX plans to kick off its space-based internet service

SpaceX will postpone its launch of 60 Internet satellites to Thursday night

In a phone call with journalists, Musk sounded cautious but excited.

"There is a lot of new technology here, so it's possible that some of these satellites may not work", Musk said, adding that there is a "small possibility" that none will work.

Elon Musk, CEO of SpaceX, speaks during a news conference in March after the SpaceX Falcon 9 launch at the Kennedy Space Center in Cape Canaveral, Fla. SpaceX will attempt to recover the first stage again after the launch, guiding it to a barge named "Of Course I Still Love You" floating in the Atlantic Ocean.

Each satellite in the first Starlink launch gauges 500 pounds (227 kg), making this the heaviest SpaceX payload to date. Each satellite is equipped with a navigation system that allows SpaceX to precisely position the satellites, track orbiting debris and avoid collisions.

SpaceX will have to wait at least one more day to start setting up its internet-satellite megaconstellation.

Starlink is created to provide affordable internet access to people around the world. Starlink bases on utilizing low earth orbit (LEO) satellites. So don't imagine yourself using Starlink connection any time soon. As indicated by an examination by BroadbandNow, LEO satellite networks could possibly spare American family units more than $30 billion in internet fees per year, as well as deliver more reliable service to rural areas that don't have many options when it comes to high-speed wired internet.

This will be the second Starlink launch SpaceX has performed. Keeping up with his famous routine, he has tweeted a picture of Starlink satellites being packed into a Falcon rocket.

That threat is not just down to SpaceX or any of the other would-be operators of satellites in space.

"We see this as a way for SpaceX to generate revenue that can be used to develop more advanced rockets and spaceships", Musk said Wednesday.

"We think this is a key stepping stone on the way toward establishing a self-sustaining city on Mars and a base on the moon", said Musk, who is also the chief executive officer of automaker Tesla Inc. After an orbit has enough satellites, it will be linked to the ground terminals on Earth. OneWeb and Amazon are the big ones, but there are also lesser known companies, like LeoSat and Telesat. He met with members of the SpaceFlight Insider team during the flight of a United Launch Alliance Atlas V 551 rocket with the MUOS-4 satellite.

Getting the full constellation up and running will likely cost billions of dollars, and Musk has conceded that such efforts have bankrupted others, like the satellite operator Iridium.