Starlink, a Satellite-Internet Business, Is SpaceX's Financial Engine -- WSJ

Dow Jones05:32

By Micah Maidenberg

A big driver for SpaceX is Starlink, which provides internet connections via about 10,000 satellites in low-Earth orbit. Starlink had about 10 million subscribers at the end of March, double compared with the same period a year before, according to the filing.

The SpaceX unit that includes Starlink broadband service generated more than $11 billion in revenue for 2025 out of the company's total sales of about $18.7 billion. "Starlink is capable of delivering broadband connectivity anywhere on Earth," the company said.

SpaceX listed telecom giants such as AT&T and Verizon as Starlink competitors and said the service could grab a bigger share of the high-speed internet market from the rivals in the years ahead.

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May 20, 2026 17:32 ET (21:32 GMT)

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