Starlink achieves cash flow breakeven, says SpaceX CEO Musk

SPACEX CEO Elon Musk said on Thursday (Nov 2) the rocket company’s satellite Internet unit, Starlink, had achieved break even cash flow.

“Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year,” Musk said in a post on social media platform X.

Starlink posted a more than six-fold surge in revenue last year to US$1.4 billion, but fell short of targets set by Musk, the Wall Street Journal reported in September, citing documents.

SpaceX is valued at about US$150 billion and is one of the most valuable private companies in the world. REUTERS