It's Official. Starlink Is SpaceX's Biggest Money-Maker Now.
If there's one thing that really jumped out at me from Payload Space's just-released report "Estimating SpaceX's 2024 Revenue," it's the sheer size of SpaceX's Starlink satellite internet business -- and its growth rate.
It's been less than five years now since SpaceX first announced the opening of beta service for Starlink. Less than five years ago, this business was making $0 revenue, $0 profit. But my, what a difference five years make. According to Payload's latest estimates, five years' hard work has turned Starlink into an absolute space business giant, generating an estimated $8.2 billion in 2024 revenue, up from $4.2 billion a year ago, and growing its customer count by 100%, from 2.3 million registered users to 4.6 million in a year.
Image source: Getty Images.
Source Fool.com
