In a recent tweet on Thursday, Elon Musk, CEO of SpaceX, announced that the company’s Starlink project has reached breakeven cash flow, marking a significant financial milestone. Musk commended the exceptional efforts of the team behind this achievement.
“Excited to announce that @SpaceX @Starlink has achieved breakeven cash flow! Excellent work by a great team,” said Musk.
Furthermore, Musk highlighted that Starlink currently accounts for the majority of all active satellites. He also projected that by next year, Starlink will have launched the majority of all satellites sent from Earth, underscoring its dominance in the satellite industry.
Excited to announce that @SpaceX @Starlink has achieved breakeven cash flow! Excellent work by a great team.
Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year.
— Elon Musk (@elonmusk) November 2, 2023
So far, SpaceX has launched over 5,000 Starlink satellites into low-Earth orbit, bringing high-speed internet connectivity to all parts of the globe. The Starlink internet service launched three years ago and has over 2 million subscribers.
