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Starlink achieves cash flow breakeven, says SpaceX CEO Musk

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Published Fri, Nov 3, 2023 · 12:00 AM
    • “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,” says Elon Musk.
    • “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,” says Elon Musk. PHOTO: REUTERS

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    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

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