Starlink

Money Moves

12 million subscribers as of June 30, 2026; $4.29 billion Q2 revenue (up 66% YoY); 55% of SpaceX Q2 total; operating margin near 36%

SpaceX's first lockup wave freed 911.5 million insider shares on August 6, more than doubling the stock's tradable float to 11.8% of shares outstanding from 4.9%. SPCX touched a new intraday low of $105.11, below the July 28 record of $107.01. Heavy selling never showed up: shares reversed and traded higher for much of the day, at one point up as much as 6%.

Updated Aug 6

New Capabilities

10.3 million subscribers; $10.6B in 2025 revenue; at the center of a Pentagon pricing dispute during the Iran war and SpaceX's Nasdaq IPO

SpaceX hit 50 dedicated Starlink launches before June 2026, roughly one every four days. The constellation has 10.3 million subscribers across 160 countries, 10,191 active satellites, and $10.6 billion in 2025 revenue. Starlink is SpaceX's only profitable division and the central asset in its pending Nasdaq IPO.

Updated May 31

New Capabilities

Providing direct-to-cell satellite connectivity using partner-carrier spectrum

Airtel Africa just made a classic telecom promise, "coverage everywhere," with a very un-classic tool: Starlink satellites acting like cell towers in space. If it works, the places where Airtel's network map turns blank won't be silent anymore.

Updated May 15