{"id":1199834,"date":"2023-11-06T07:34:00","date_gmt":"2023-11-06T12:34:00","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1199834"},"modified":"2023-11-06T07:34:00","modified_gmt":"2023-11-06T12:34:00","slug":"elon-musk-says-spacexs-starlink-achieves-breakeven-cash-flow","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1199834","title":{"rendered":"Elon Musk Says SpaceX's Starlink Achieves Breakeven Cash Flow"},"content":{"rendered":"

There’s now two million subscribers to SpaceX’s Starlink satellite internet service, with CEO Elon Musk announcing Thursday that it has “achieved breakeven cash flow…” <\/p>\n

Long-time Slashdot reader SonicSpike shared this report from CNBC:
\nMusk did not specify whether that milestone was hit on an operating basis or for a specified time period. Earlier this year, SpaceX President and Chief Operating Officer Gwynne Shotwell said Starlink “had a cash flow positive quarter” in 2022, and the overall SpaceX company reportedly turned a profit in the first quarter of 2023. <\/p>\n

SpaceX’s valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company’s goals. Two years ago, Musk emphasized that making Starlink “financially viable” required crossing “through a deep chasm of negative cash flow.” <\/p>\n

Musk has discussed spinning off Starlink to take it public through an initial public offering once the business was “in a smooth sailing situation.” But timing of a Starlink IPO remains uncertain. Last year, Musk told employees that taking the business public wasn’t likely until 2025 or later.<\/p>\n

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Read more of this story<\/a> at Slashdot.<\/p>\n


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\nSource: Slashdot – Elon Musk Says SpaceX’s Starlink Achieves Breakeven Cash Flow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There’s now two million subscribers to SpaceX’s Starlink satellite internet service, with CEO Elon Musk announcing Thursday that it has “achieved breakeven cash flow…” Long-time Slashdot reader SonicSpike shared this report from CNBC: Musk did not specify whether that milestone … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1199835,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[101,110],"tags":[100],"class_list":["post-1199834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-slashdot","category-unfiltered-rss","tag-slashdot"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1199834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1199834"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1199834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1199835"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1199834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1199834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1199834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}