SpaceX‘s Starlink on Saturday said that it now has over 2 million active customers, adding a million more in the last 9 months.
What Happened: “Starlink is available on all 7 continents, in over 60 countries and many more markets, connecting 2M+ active customers and counting with high-speed internet!,” a post from Starlink’s official X handle read.
Starlink— the broadband satellite internet provided by SpaceX with the help of satellites in low-Earth orbit—had about 1 million active subscribers globally at the end of 2022, implying that it added a million more since the start of this year. SpaceX launched the first Starlink satellites to orbit in 2019.
Why It Matters: To give you more context, AT&T had over 15 million broadband internet subscribers in the U.S alone as of the end of 2022. Verizon, meanwhile, had over 7 million, according to data from Statista.
Last week, Musk said that the goal with Starlink was to provide internet with latency consistently lower than 20ms to major data centers within a region. Latency can be simplified as the time taken for data to go between the user and the satellite.
"This is extremely difficult, but we will get there," Musk wrote.
The financials of Starlink, however, are bleak. Earlier this month, WSJ reported that Starlink made $1.4 billion in revenue for 2022, way lower than the company’s estimates. In a presentation SpaceX used to attract investors in 2015, it predicted the segment to generate almost $12 billion in revenue and $7 billion in operating profit in 2022.
Photo by Rokas Tenys on Shutterstock
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