Is This the Solution to SpaceX's Problems?
"SpaceX's Starlink has a price problem," as I pointed out in February. And the problem is this:
SpaceX is counting on Starlink -- its innovative, low-altitude satellite constellation that delivers broadband internet from space -- to generate revenue of $30 billion for the space company, and operating profits of $18 billion a year, by 2025. At the prices SpaceX now charges, it will need to sign up more than 22 million customers paying $110 a month for internet service.
Here at the tail end of 2022, however, just three years from its deadline, SpaceX has only signed up about 500,000 customers for Starlink. And what's worse, Starlink appears to be running out of bandwidth to support new customer growth, making it difficult -- or even impossible -- to reach the necessary number of customers to achieve the revenue and profits it desires.
Source Fool.com
