While financial details remain sparse for the closely held company, Gwynne Shotwell, SpaceX’s president and chief operating officer, said earlier this year that it had already achieved a cash-flow positive quarter and would make money this year.
SpaceX’s Starlink service has reached breakeven cash flow, according to chief executive officer Elon Musk, a milestone for the space-based internet provider.Starlink now accounts for a majority of all active satellites, he said.has achieved breakeven cash flow! Excellent work by a great team.
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. It’s a significant turnaround for the company, formally known as Space Exploration Technologies Corp., after Musk said last year that Starlink was “still losing money.”Investors and industry observers are keeping a close watch on Starlink, which company leaders have said may be taken public someday.
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