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Is Elon Musk's Starlink profitable? SpaceX satellites are money losers, ET Telecom

Elon Musk: When pressed further about Musk’s comments at a Washington conference last month, SpaceX Chief Financial Officer Bret Johnsen said, “I don’t know that I want to quantify those numbers, but we are in positive cash flow and profitable territory for our satellite business now.” ....

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Satellite rival of Luxembourg's SES still burning through cash

Musk's undisclosed Starlink costs undercut profitability claims ....

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Musk's Undisclosed Starlink Costs Undercut Profitability Claims

(Bloomberg) SpaceX’s prized Starlink satellite business is still burning through more cash than it brings in. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapPeople familiar with the finances of one of the world’s most valu ....

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Elon Musk: Is Elon Musk's Starlink profitable? SpaceX satellites are money losers

Starlink, which provides space-based internet service to more than 2.6 million customers, often strips out the hefty cost of sending its satellites into space to make the non-public numbers look better to investors, these people said, asking not to be identified discussing private information. They describe the companys accounting as “more of an art than a science” and say its not actually profitable based on an operational and ongoing basis. ....

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Elon Musk's Starlink Profits Are More Elusive Than Investors Think

Elon Musk's Starlink Profits Are More Elusive Than Investors Think
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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