Satellite-internet business unit of SpaceX
Appears in 3 stories
Primary revenue and profit driver in the IPO story
SPCX opened at $150 on June 12 and closed at $161, up 19%, putting SpaceX at roughly $2.1 trillion on its first day. Options began trading June 16 with 1.72 million contracts and $2.48 billion in premium on day one. The stock hit $225.64 that session, 67% above the offer price, before a 31% four-day pullback brought shares to $147.11 intraday on June 23.
Updated 2 days ago
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
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
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