SpaceX Reaches Starlink Profitability Milestone by Lowering Costs and Rapidly Expanding Customer Base

SpaceX is no longer subsidizing the cost of Starlink antennas, selling them for $599 without taking a loss. This is a key step towards profitability.
The company has brought down antenna production costs from $3,000 originally to less than $600 now through manufacturing improvements.
SpaceX had a cash flow positive quarter for Starlink in 2022 and reportedly turned an overall profit in Q1 2023.
The total number of Starlink customers is now well over 1.5 million, including consumers and enterprises worldwide.
SpaceX is launching Starlink satellites at a rapid pace of twice weekly to expand coverage and capacity. The constellation has over 5,000 satellites launched to date.

cnbc.com

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Posted 9/13/2023, 2:23:39 PM