Starlink achieves cash-flow breakeven, says SpaceX CEO Musk
$Tesla (TSLA.US)$ The article reported that SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven. In 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable.
Elon Musk is the CEO of SpaceX and Tesla. SpaceX works closely with Tesla to develop technology related to EV, battery and more.
Quote:
Musk has sought to establish the Starlink business unit as a crucial source of revenue to fund SpaceX's more capital-intensive projects, such as its next-generation Starship, a giant reusable rocket the company intends to fly to the moon for NASA within the next decade.
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.
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SpaceX Own the Most Satellites: Visual Capitalist
Quote:
Musk has sought to establish the Starlink business unit as a crucial source of revenue to fund SpaceX's more capital-intensive projects, such as its next-generation Starship, a giant reusable rocket the company intends to fly to the moon for NASA within the next decade.
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.
Related articles:
SpaceX Own the Most Satellites: Visual Capitalist
Source:
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ZnWC
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I reflect trading experience by writing journals. My posts and comments are for education purpose not financial advice.
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金融弟弟 : https://youtu.be/sS-nxZriTC8?si=B8vhmvUBWZ_w_FaS
74473051 : stckmkt name for starlink
ZnWC OP 74473051 : Starlink is a subsidiary of the company, SpaceX privately owned by Elon Musk. It is not a publicly listed company hence the share is not sold in the stock market.
All Also Taken : Congratulations Elon, we achieved breakeven one month after we started, and we continue to be profitable (you know, like most businesses that don't rely on government handouts lol)