Reported about 1 year ago
An article discusses how Bloomberg previously criticized Elon Musk's SpaceX, stating that Starlink was losing money on ground terminals, but it's found that Starlink's internet service is actually quite profitable. Predictions estimate Starlink to generate $6.6-6.8 billion in revenue this year, with operating profit margins up to 60%. Despite facing less competition than ground-based ISPs, even a 20-40% operating profit margin would be impressive. Quilty Analytics forecasts positive free cash flow of $600 million for SpaceX Starlink this year, indicating a profitable future for potential investors in a future Starlink IPO.
Source: YAHOO