Starlink generates over $11 billion in revenue for SpaceX, transforming it into a telecom giant

SpaceX’s satellite internet service Starlink has crossed $11 billion in revenue, a milestone that effectively completes the company’s metamorphosis from rocket builder to global telecom infrastructure provider.

Starlink generates over $11 billion in revenue for SpaceX, transforming it into a telecom giant. SpaceX’s satellite internet service Starlink has crossed $11 billion in revenue, a milestone that effectively completes the company’s metamorphosis from rocket builder to global telecom infrastructure provider. For context, that’s more annual revenue than companies like Dish Network, and it puts Starlink in the same revenue tier as some mid-cap publicly traded telecom firms. The number is striking not just for its size, but for its velocity. Starlink’s revenue was estimated at roughly $7.5 to $8 billion in 2024, meaning the service appears to have grown by more than 50% year-over-year. That kind of growth rate is unusual for any business, let alone one that requires launching thousands of satellites into low-earth orbit. How Starlink got to $1...