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What will be the impact on SpaceX's stock price due to Starlink's revenue growth?
5
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Stock market analyses, financial news sources, or SpaceX financial disclosures.
Story
SpaceX's Starlink Set for $6.6B in 2024, Up 80%, First Positive Cash Flow
May 9, 2024, 10:56 PM
SpaceX's Starlink satellite network is projected to achieve a significant financial milestone in 2024, with revenue forecasts reaching $6.6 billion, marking an 80% increase from $3.67 billion in 2023 and a substantial rise from $1.4 billion in 2022. This growth is attributed to the expansion of services and the network's performance exceeding analysts' expectations. Additionally, 2024 is expected to be the first year that Starlink posts a positive free cash flow. The revenue from Starlink is also poised to support SpaceX's broader ambitions, including its multi-planetary missions.
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