Starlink's estimated free cash flow this year is about $600 million.
  • DavidGarcia@feddit.nlEnglish
    91·
    6 months ago

    who would have thought that any disruption to one of the most corrupt and stagnant industries would lead to success

    • threelonmusketeersOPMEnglish
      2·
      6 months ago

      Tom Mueller did, apparently: https://twitter.com/lrocket/status/1789021514198905289

      Some of us working on StarLink 6-8 years ago had spreadsheets with basic cost assumptions of launch, sats and ground terminals, as well as revenue projections. The general consensus was, wow, the ROI is really quick, lets build and launch as many of these as fast as we can

    • nezbyte@lemmy.worldEnglish
      7·
      6 months ago

      HughesNet set my expectations, StarLink blew my mind. Props to SpaceX for drastically exceeding my expectations over the past few years.

  • AutoTL;DR@lemmings.worldBEnglish
    52·
    6 months ago

    This is the best summary I could come up with:

    According to the research firm Quilty Space, SpaceX’s Starlink satellite Internet business is now profitable.

    During a webinar on Thursday, analysts from the firm outlined the reasons why they think SpaceX has been able to achieve a positive cash flow in its space Internet business just five years after the first batch of 60 satellites were launched.

    The co-founder of the firm, Chris Quilty, said the rapidity of Starlink’s rise surprised a lot of people, including himself.

    Both SpaceX and another company, OneWeb, announced plans to build satellite megaconstellations in 2015 to deliver broadband Internet from low-Earth orbit.

    This value indicates how well a company is managing its day-to-day operations and stands for earnings before interest, taxes, depreciation, and amortization.

    These figures, it should be noted, do not include SpaceX’s Starshield business, which is building custom satellites for the US military for observation purposes and will likely leverage its Starlink technology.

    The original article contains 774 words, the summary contains 151 words. Saved 80%. I’m a bot and I’m open source!