Elon Musk’s SpaceX hits major milestone, Starlink satellite internet service crosses 4 million subscriber mark
- by The Financial Express
- Sep 27, 2024
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September 27, 2024 18:30 IST
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Currently, Starlinks service generated about $6.6 billion revenue this year itself. This is an increase from about $1.4 billion in just two years, as reported by Quilty Space. Quilty space os a industry research and consulting firm.
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Starlink is a central part of SpaceX’s plan to commercialize space. In addition to this, Stralink can also help people to explore space. The company also continued to raise money from investors. In line with this CEO Elon Musk said that for years revenue from the broadband internet service would help fund further development of the massive reusable rocket, Starship.
As reported by TechCrunch Starlink has become the undisputed giant of satellite internet. Since the year Starlink started its service, it has taken increased market share from legacy companies. This includes big companies such as Viasat and SES. Notably, these companies operate large satellites in a higher geostationary orbit
In other news, Air France will start deploying Starlink-based connectivity from Summer 2025. It is expected that the airline will start rolling out an ultra-high-speed connectivity service. This can provide the users with a ground-like experience.
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