Elon Musk’s Starlink achieved break-even cash flow.
SpaceX’s Starlink satellite internet unit has reached a break-even point in cash flow and become the majority of all active satellites in Earth’s orbit. Starlink is on track to launch the majority of all satellites cumulatively from Earth by next year. While Starlink’s revenue surged more than six-fold in the past year, it appears to have fallen short of Musk’s ambitious targets.
Link to the original story: https://www.businessworld.in/article/Elon-Musk-s-Starlink-Achieves-Break-Even-Cash-Flow/02-11-2023-497404
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boB
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