Elon Musk's Satellite Internet Network Starlink Has Finally Started to Profit.
Two test satellites of Starlink were launched into orbit in early 2018, and in 2019, SpaceX rockets carried the first 60 Starlink satellites to their planned orbits. Exactly five years later, SpaceX continues to build a network around our planet with more than 6,300 satellites.
Although #Elon Musk's ownership of SpaceX, a space aviation company with reusable rockets, significantly reduces costs, constantly building new satellites, controlling the network of these satellites, and keeping them running requires huge investments. Despite this, according to research, SpaceX will start to make a profit only after 5 years.
According to research conducted by Quilty Space, #Starlink has approximately 3 million subscribers worldwide. This indicates that Starlink will reach a turnover as high as 6.6 billion dollars in 2024. 600 million dollars of this turnover will remain as profit in Starlink's coffers.
Chris Quilty, one of the founders of Quilty Space, stated that SpaceX's efforts are not given the value they deserve, both in terms of launch frequency and the impact it has on the industry. He also pointed out that SpaceX's vertically integrated satellites reduce costs in both launch and production.
On the other hand, it is stated that with the introduction of SpaceX's giant Starship models, Starlink will begin to launch larger and more advanced satellites, so that cellular data can be used directly without the need for Starlink antennas. This will increase Starlink's profits.
