SpaceX CEO Elon Musk announced on Thursday that the company’s satellite internet unit, Starlink, has reached break-even cash flow. Musk also stated that Starlink now comprises the majority of all active satellites and is expected to have launched the majority of all satellites from Earth by next year.
Starlink experienced a significant increase in revenue last year, surpassing $1.4 billion, according to documents cited by the Wall Street Journal in September. However, the company fell short of the targets set by Musk.
SpaceX, valued at approximately $150 billion, is considered one of the most valuable private companies globally.