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SpaceX ’s Starlink has “ attain breakeven John Cash flow , ” CEO Elon Musk said Thursday , a milepost achievement for the rocket company ’s four - yr - quondam satellite cyberspace stage business social unit .
He announced the news in a post on X , the societal media platform that he also have . He added that Starlink “ is also now a majority of all active orbiter and will have launch a absolute majority of all satellites cumulatively from Earth by next twelvemonth . ”
Excited to annunciate that@SpaceX@Starlinkhas accomplish breakeven cash flow ! Excellent work by a dandy team .
Starlink is also now a majority of all active satellites and will have launched a a absolute majority of all satellites cumulatively from Earth by next twelvemonth .
— Elon Musk ( @elonmusk)November 2 , 2023
It is undecipherable whether the breakeven milestone is for the tail or a specific stop of time . disregardless , the accomplishment leaves launch the inquiry of whether SpaceX may be nearing taking Starlink world via IPO — a move that Musk once said the ship’s company would execute once the immediate payment flow became predictable .
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SpaceX president and chief operating officeholder Gwynne Shotwell open a hint that the economic science were becoming more predictable to begin with this class , when she said that Starlink had already achieved a cashflow plus quarter in 2022 .
Starlink ’s mega - configuration currently sits at around 5,000 satellites , all of these launched by SpaceX rockets . That vertical desegregation has been fundamental to the company expanding the Starlink connection at such aggressive rate — SpaceX launched the first operational Starlink raspberry in 2019 — and being able to grow at a yard that far outstrips challenger .
Since then , the web has grown to around 2 million reader and spans verticals from consumer to maritime and air . More recently , Starlink made the news for its role in outside conflict — include the state of war in Ukraine and more late the war between Israel and Hamas . SpaceX recently found adefense - focused versionof Starlink bid Starshield , a foretoken of the Pentagon ’s interest in procuring orbiter internet potentiality .
SpaceX is valued at around $ 150 billion . Thecompany posted revenueslast twelvemonth of $ 1.4 billion , The Wall Street Journal reported in September .
