SpaceX Finds a $200 Million Opportunity in Ukraine
Eight months ago, SpaceX had a problem.
Despite launching literally thousands of satellites into orbit and signing up hundreds of thousands of paying customers, Elon Musk's pioneering space company was losing money on its Starlink satellite broadband service. This was partly a function of high capital costs and a (then) slow-growing customer base. But it was also a function of SpaceX losing $20 million a month on Starlink service provided to Ukraine -- for free.
No money from DoD, but several other countries, orgs & individuals are paying for ~11k/25k terminals (thanks!).
SpaceX is losing ~$20M/month due to unpaid service & costs related to enhanced security measures for cyberwar defense, but we'll keep doing it (sigh).
Source Fool.com
