Starlink
Starlink's high-speed, low-latency service is made possible through the world's largest constellation of highly advanced satellites operating in a low orbit around the Earth.
| USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 133 % | 120 % | 53 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | 43 % | 52 % | 64 % |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Starlink, a satellite internet constellation operated by SpaceX, aims to provide high-speed, low-latency broadband internet to locations where access has been unreliable, expensive, or completely unavailable. Development of this ambitious project began in 2015, with the first two prototype satellites launched in February 2018. The initial deployment of 60 operational satellites occurred in May 2019, marking a significant milestone. The project is a key initiative of SpaceX, the aerospace manufacturer and space transportation services company founded by Elon Musk. Musk's background in technology and his leadership at SpaceX and Tesla are foundational to Starlink's goal of leveraging reusable rocket technology to deploy a massive satellite constellation, thereby reducing launch costs significantly.
The business operates by providing satellite internet services directly to consumers and businesses. The target market includes rural and remote communities, as well as mobile clients in the aviation and maritime sectors. Revenue is generated through the sale of hardware kits and monthly subscription fees. The hardware, known as the Starlink Kit, includes a satellite dish (the "Dishy"), a Wi-Fi router, a power supply, and cables, designed for self-installation. The service is engineered to support activities like streaming, online gaming, and video calls.
Starlink's core service revolves around a massive constellation of satellites in low Earth orbit (LEO), which is a key differentiator. Being much closer to Earth than traditional geostationary satellites allows for significantly lower latency, a critical factor for real-time internet applications. The service offers various plans tailored to different user needs, including standard residential packages, business tiers with higher network priority, and mobile options for RVs, boats, and airplanes. As of early 2024, the constellation comprised over 6,000 active satellites, with plans for continued expansion to enhance capacity and coverage.
Keywords: satellite internet, LEO constellation, broadband, SpaceX, rural connectivity, global internet, mobile broadband, maritime internet, aviation connectivity, internet service provider