Starlink, Elon Musk’s global internet network initiative consisting of thousands of satellites, started to make a profit in its fifth year.
early 2018 owned by Starlink Two test satellites were launched into orbit, and in 2019, SpaceX rockets carried the first 60 Starlink satellites to their planned orbits. Exactly five years later, SpaceX continues to build a network around our planet with more than 6,300 satellites.
Although Elon Musk’s Although having SpaceX, a space aviation company with reusable rockets at its disposal, significantly reduces costs, constantly building new satellites, controlling the network of these satellites and keeping them running requires huge investments. Despite this, according to research, SpaceX will start to make a profit only after 5 years.
3 million customers, $6.6 billion turnover
Quilty Space According to its research, Starlink has approximately 3 million subscribers worldwide. This indicates that Starlink will reach a turnover as high as 6.6 billion dollars in 2024. of this turnover 600 million dollars The rest will remain as profit in Starlink’s coffers.
Co-founder of Quilty Space Chris Quilty, stated that SpaceX’s efforts were not given the value it deserved, both in terms of launch frequency and its impact on the industry. He also pointed out that SpaceX’s vertically integrated satellites reduce costs in both launch and production.
On the other hand, SpaceX’s huge Starship It is stated that with the introduction of these models, Starlink will begin to launch larger and more advanced satellites, so that cellular data can be used directly without the need for Starlink antennas. This will increase Starlink’s profits.
Source :
https://www.neowin.net/news/some-6000-satellites-later-musks-starlink-turns-profitable-in-2024-report-estimates/