"Starlink's Impact: Profits, Milestones, and Launch Updates"

1 min read
Source: Ars Technica
"Starlink's Impact: Profits, Milestones, and Launch Updates"
Photo: Ars Technica
TL;DR Summary

SpaceX's Starlink has achieved profitability within five years of launching its first operational satellites, with projected revenues of $6.6 billion in 2024 and an estimated free cash flow of $600 million this year. The rapid growth in subscribers and controlled costs have contributed to this success, raising questions about the future of satellite internet and competition from other megaconstellations like OneWeb and Amazon's Project Kuiper.

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