Fri. Dec 8th, 2023
Breakeven Cash Flow Achieved by SpaceX’s Starlink

SpaceX’s satellite internet business unit, Starlink, has reached a significant milestone with the achievement of breakeven cash flow, according to CEO Elon Musk. In a post on X, the social media platform owned by Musk, he also revealed that Starlink currently holds the majority share of all active satellites and is set to launch the majority of all satellites from Earth next year. This accomplishment raises speculation about the possibility of Starlink entering the public markets through an initial public offering.

The Federal Aviation Administration has completed an important part of the launch license review for SpaceX’s Starship, bringing the company closer to its second launch. This development marks a significant step forward for the space company.

Kuva Space, a Finnish hyperspectral imagery startup, has successfully closed a €16.6 million ($17.6 million) Series A funding round. The company aims to deploy up to 100 satellites by the end of the decade, further expanding its operations.

Sierra Space’s Dream Chaser spaceplane is nearing its first test flight after several years of development. This significant progress brings the spaceplane closer to its operational debut.

SpaceX and United Launch Alliance have been awarded a $2.5 billion contract by the U.S. Space Force for 21 launches. This partnership strengthens the space industry’s role in national defense and solidifies the position of both companies in the market.

Virgin Galactic has successfully conducted its fifth crewed suborbital mission, showcasing its ongoing commitment to commercial space travel and exploration.

Zephr, a company that had been operating in stealth mode, has unveiled its innovative plan to enhance GPS technology using cell phones without the need for any hardware modifications. This advancement could lead to significant improvements in GPS accuracy and reliability.

This edition of Max Q is presented by Aria Alamalhodaei. If you find Max Q informative, please consider sharing it with a friend.