Fri. Dec 8th, 2023
SpaceX’s Starlink Reaches Profitability Threshold, Reports Increased Revenue

SpaceX CEO, Elon Musk, has announced that the company’s satellite-based high-speed internet division, Starlink, has reached profitability. Gwynne Shotwell, the Chief Operating Officer of SpaceX, revealed that Starlink’s revenue has multiplied six-fold in the past year, reaching $1.4 billion. Currently, the network has approximately 5,000 satellites in low Earth orbit.

Starlink boasts nearly two million subscribers across fifty countries, including France, with a focus on providing connectivity in underserved areas. Elon Musk proudly stated in a recent post that “Starlink now represents the majority of all active satellites and will have launched the majority of all satellites ever launched from Earth by next year.” Starlink competes with companies like Viasat and OneWeb, which was acquired by Eutelsat in 2022.

In France, Starlink has faced scrutiny since its installation in 2021. The company has consistently refused to grant access to intelligence services to collect customer data during judicial investigations.