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SpaceX's Starlink Revenue to Surge to $6.6B in 2024, Up 80% Over 2023
May 9, 2024, 10:56 PM
SpaceX's Starlink satellite network is projected to achieve a significant financial milestone in 2024, with expected revenues reaching $6.6 billion, marking an 80% increase from the previous year and up from $1.4 billion in 2022. This growth is notable as it represents the network's first year of generating positive free cash flow. The increase in revenue is attributed to the expansion of services such as direct-to-cell connectivity and the anticipated economic benefits from the deployment of Starship. Additionally, Starlink plays a crucial role in supporting SpaceX's broader goals of enabling multi-planetary human life and providing essential internet connectivity during global crises.
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