Elon Musk says SpaceX’s satellite internet service Starlink has achieved breakeven cash flow

Earlier, Elon Musk conveyed via his personal ‘X’ page that SpaceX’s satellite internet service Starlink has now achieved a balance between revenue and operational deficit.

In late September of this year, Musk revealed that the number of low-Earth orbit satellites for Starlink could potentially surpass the total launched by competitors by more than double by 2024. Given the current scale of satellite internet connectivity services, Starlink has already made significant inroads into the global market.

To date, Starlink has launched over 5,000 low-Earth orbit satellites, amassing a user base of over two million globally. Its application domains span the general consumer market as well as enterprise commercial use, maritime, aviation, and national government applications. Moreover, the service is expanding in markets including the United States, Europe, and Japan, and has established partnerships with numerous telecommunications operators.

Although there were rumors of a potential collaboration with Chunghwa Telecom, regulatory requirements and restrictions appear to diminish the likelihood of Starlink’s entrance into the Taiwanese market.

There were also previous reports of Starlink planning an initial public offering, but it now seems that further developments on this matter may not emerge until 2025 or later.