Starlink achieves cash flow breakeven, says SpaceX CEO Musk
Add BT as a preferred source
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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
