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According to a new report by Quilty Space, the answer is yes. Quilty built a model to assess Starlink’s profitability. First, the researchers assessed revenue. The firm estimates this will grow to $6.6 billion in 2024, up from essentially zero just four years ago. In addition to rapidly growing its subscriber base of about 3 million, SpaceX has also managed to control costs. Based upon its model, therefore, Quilty estimates that Starlink’s free cash flow from the business will be about $600 million this year.
Sounds promising! I think booster reuse definitely must help to keep costs down.
This is the best summary I could come up with:
SpaceX began launching operational Starlink satellites five years ago this month.
SpaceX has now launched about 6,000 satellites with its Falcon 9 rocket and has delivered on its promise to provide fast Internet around the world.
In addition to rapidly growing its subscriber base of about 3 million, SpaceX has also managed to control costs.
Based upon its model, therefore, Quilty estimates that Starlink’s free cash flow from the business will be about $600 million this year.
Are there credible competitors to Starlink in OneWeb, Amazon’s Project Kuiper, or other planned megaconstellations?
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The original article contains 322 words, the summary contains 116 words. Saved 64%. I’m a bot and I’m open source!