SpaceX projected 20 million Starlink users by 2022—it ended up with 1 million::Starlink has a fraction of the projected $12B revenue and 20M users, WSJ says.
SpaceX projected 20 million Starlink users by 2022—it ended up with 1 million::Starlink has a fraction of the projected $12B revenue and 20M users, WSJ says.
This is the best summary I could come up with:
SpaceX's Starlink division hasn't come close to meeting customer and revenue projections that the company shared with investors before building the satellite network, according to a Wall Street Journal report published today.
SpaceX President and COO Gwynne Shotwell said in February that Starlink is expected to turn a profit this year.
"The majority of the world's population that the business could serve and that can afford high-speed broadband lives in cities.
In those regions, Internet service is readily available, usually offers cheaper monthly costs than Starlink and doesn't require specialized equipment."
But in public he has stated more modest ambitions for Starlink, pointing out that low-Earth orbit satellite ventures have a history of going bankrupt.
One step forward on profitability is that SpaceX says it is no longer selling Starlink user terminals at a loss.
The original article contains 654 words, the summary contains 135 words. Saved 79%. I'm a bot and I'm open source!