SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service.

Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit is “now building 120 satellites per month” and has “invested over $70 million developing and producing thousands of consumer user terminals per month.”

“Invested hundreds of millions of dollars in Starlink to date,” the SpaceX presentation added.