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Elon Musk Says Starlink Hit Breakeven Cash Flow

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I am a Colorado-based reporter. Before joining Forbes, I covered education and local government in Fort Collins, Colorado. I am a graduate of Creighton University, where I got a BA in journalism, and Arizona State University, where I got an MA in investigative journalism. Send tips at mbohannon@forbes.com and follow me on Twitter @molboha.

Billionaire Elon Musk announced that Starlink—a satellite internet offering from his aerospace company, SpaceX—“achieved breakeven cash flow” on Thursday, just months after news broke that the offering hadover the year before, and Elon Musk announced it had achieved breakeven cash flow on November 2, 2023.

Starlink first launched its satellites in 2019 and, as of July, almost 5,000 small satellites have been launched to beam high-speed internet to ground terminals placed almost anywhere in the world.

 

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