SpaceX’s Starlink achieves breakeven cash flow amid IPO speculations

Elon Musk has addressed the ongoing speculation regarding a potential initial public offering (IPO) for SpaceX’s internet service, Starlink, describing such discussions as premature. Musk emphasized that a more stable financial footing is a prerequisite before considering taking the company public. This statement comes as Starlink reaches a significant milestone, achieving breakeven cash flow.

Starlink, which operates the majority of active satellites, has seen substantial growth, boasting a customer base that exceeds two million across more than sixty countries. The company has launched approximately five thousand satellites to date. Despite these achievements, SpaceX has not reached its initial revenue projections of $12 billion by 2022. Nonetheless, the company maintains a strong valuation at $150 billion in its private status, which shields its complete financial details from public scrutiny.

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