SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business 'achieved breakeven cash flow.'
SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow."
Musk did not specify whether the milestone was hit on an operating basis, or for a different specified time period. SpaceX's valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company's goals. The upper stage of a Falcon 9 rocket deploys a stack of Starlink "V2 Mini" satellites in orbit on Feb. 27, 2028.SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow."Musk did not specify whether that milestone was hit on an operating basis, or for a specified time period., with Starlink seen as a key economic driver of the company's goals.
"Being public is definitely an invitation to pain," Musk told SpaceX employees in 2022. "And the stock price is just distracting."It began offering Starlink service about three years ago, initially targeting the consumer market. Most recently, SpaceX has said Starlink has upward of two million subscribers, havingLast month SpaceX announced the opening of a new satellite antenna manufacturing facility in Bastrop, Texas, which is near Austin.
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