Musk Announces That Starlink Has Reached “Breakeven”Cash Flow

November 3, 2023Posted inSpace News, SpaceX, Starlink
A Falcon 9 carries Starlink satellites to orbit
A Space X Falcon 9 booster delivers another batch of Starlink satellites to orbit. Photo: Mark Stone/FMN

In a recent development that marks a significant fiscal milestone, Space X CEO Elon Musk announced on Thursday that the aerospace company’s internet division, Starlink, has reached a state of breakeven cash flow. This achievement signals a robust stride towards the financial viability of the project, which was previously mired in negative cash flow. Musk, who relayed the announcement via his social media platform X, lauded his team’s exceptional work but did not elaborate on the specifics of the financial marker, including whether it was calculated on an operating basis or over a certain financial period.

SpaceX Lofts 22 More Starlink Satellites and Sets Turnaround Record

August 6, 2023Posted inFalcon 9, Space News, SpaceX, Starlink, US Space Force
SpaceX Falcon 9 Booster 1078 Lifts Off on Aug. 6 2023. Photo by Charles Boyer for FMN

After a couple of short delays, SpaceX launched a Falcon 9 last night from Cape Canaveral, Florida, lofting Starlink 6-8 — twenty-two second-generation Starlink satellites to orbit. The launch was picture-perfect, with the rocket clearly visible for several minutes after liftoff and even well past staging. Thunderstorms well off to the north and east-southeast added to the light show, with dozens of lightning strokes clearly visible but far away enough not to violate any range safety rules.