Elon Musk Says SpaceX's Starlink Achieves Breakeven Cash Flow

There's now two million subscribers to SpaceX's Starlink satellite internet service, with CEO Elon Musk announcing Thursday that it has "achieved breakeven cash flow..." Long-time Slashdot reader SonicSpike shared this report from CNBC:Musk did not specify whether that milestone was hit on an operating basis or for a specified time period. Earlier this year, SpaceX President and Chief Operating Officer Gwynne Shotwell said Starlink "had a cash flow positive quarter" in 2022, and the overall SpaceX company reportedly turned a profit in the first quarter of 2023. SpaceX's valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company's goals. Two years ago, Musk emphasized that making Starlink "financially viable" required crossing "through a deep chasm of negative cash flow." Musk has discussed spinning off Starlink to take it public through an initial public offering once the business was "in a smooth sailing situation." But timing of a Starlink IPO remains uncertain. Last year, Musk told employees that taking the business public wasn't likely until 2025 or later.

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