4 ms·
It’s already profitable
by edgyquant 6mo ago
It’s already profitable
- triceratops 6mo agoProfitable-profitable or EBITDA-profitable? https://www.reuters.com/business/finance/spacex-generated-about-8-billion-profit-last-year-ahead-ipo-sources-say-2026-01-30 https://www.reuters.com/business/finance/spacex-generated-ab... I don't mean this as a gotcha or anything. I imagine rockets are a capital-intensive business. So are datacenters.
- rawgabbit 6mo agoSome very rough math. $16 billion in EBITDA with 9million customers. This translates to about $1800 average annual subscription. Per month this is $150. Starlink for Land 500GB subscription is $165 per month. https://starlink.com/business/maritime https://starlink.com/business/maritime. That is I think Starlink's target customers are ISP deprived. I asked Gemini estimate the size of that market. It said about 10 million in the US and over a 1 billion worldwide. I assume the Elon is pushing the 1 billion number. The problem I see is that outside the US, not everyone can pay $165 per month for internet.