SpaceX eyes $15 billion in 2024 sales on Starlink strength
- by Los Angeles Times
- Nov 07, 2023
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Edward Ludlow and Gillian Tan
Bloomberg How destructive was that SpaceX Starship liftoff? It blasted concrete up to 6.5 miles away
SpaceX’s launch of its massive Starship rocket blasted concrete up to 6.5 miles away and resulted in more than 300 acres of debris, according to the U.S. Fish and Wildlife Service.
April 26, 2023
Representatives for the company, formally Space Exploration Technologies Corp., did not respond to requests for comment.
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Starlink offers a high-speed internet connection for a monthly fee and a one-time charge for the ground receiver hardware needed to connect to its satellite constellation.
Musk previously said that spinning off Starlink in a public listing could be possible as its cash flows become more predictable. The company has pledged billions of dollars to build out the network.
For next year, Starlink will account for more than $10 billion in total sales, according to one of the people. Musk has said there will be a cap to how much money the launch business will make, while Starlink could eventually reach revenue of $30 billion a year.
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Although financial details have been sparse for the closely held company, Gwynne Shotwell, SpaceX’s president and chief operating officer, said earlier this year that it had already achieved a positive cash flow quarter and would make money this year. Last week, Musk posted on the X social media platform, formerly Twitter, that Starlink had reached the break-even point in cash flow.
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