Get the latest tech news
SpaceX’s high-flying Starlink still searching for stable financial orbit
Despite Starlink's 2.6 million subscriber base, insiders reveal SpaceX's satellite business is grappling with financial challenges.
Despite assertions from CEO Elon Musk and SpaceX executives of reaching “profitable territory,” insiders revealed to Bloomberg that the reality of Starlink’s finances is more complex, especially concerning the costs associated with its ground terminals and satellite launches. This accounting practice has led to skepticism about the satellite business’s operational profitability, contrasting Musk’s previous announcements of achieving “breakeven cash flow.” Maxwell Nelson, a seasoned journalist and content strategist, has contributed to industry-leading platforms, weaving complex narratives into insightful articles that resonate with a broad readership.
Or read this on ReadWrite
