Elon Musk’s Starlink Achieves Break-Even Cash Flow

SpaceX CEO Elon Musk revealed on Thursday that the company's satellite internet unit, Starlink, has successfully reached a break-even point in cash flow.

What makes this achievement even more remarkable is the fact that Starlink has become the majority of all active satellites in Earth's orbit. This highlights the rapid expansion of the Starlink satellite constellation, which is aimed at providing global internet coverage.

Through a post on X, Musk said that Starlink is on track to launch the majority of all satellites cumulatively from Earth by the next year.

While Starlink experienced a remarkable revenue surge of more than six-fold in the past year, generating USD 1.4 billion (according to Wall Street Journal in September), it appears to have fallen short of the ambitious targets set by Musk. Nevertheless, this financial performance is a significant accomplishment for Starlink.