Future Tech

Starlink achieves cash flow breakeven, says SpaceX CEO Musk

Tan KW
Publish date: Fri, 03 Nov 2023, 07:46 AM
Tan KW
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Future Tech

-SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved break even cash flow.

"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," Musk said in a post on social media platform X.

Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by Musk, the Wall Street Journal reported in September, citing documents.

SpaceX is valued at about $150 billion and is one of the most valuable private companies in the world.

 


  - Reuters

 

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