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Breakeven cashflow for Starlink News from Kuva Space and more
Musk: SpaceX’s Starlink ‘has achieved breakeven cash flow’
Musk: SpaceX’s Starlink ‘has achieved breakeven cash flow’
Elon Musk has announced that SpaceX’s Starlink satellite internet business unit has achieved breakeven cash flow, marking a significant milestone in the rocket company’s four-year-old enterprise. He shared this news on X, the social media platform he also owns, and added that Starlink now represents a majority of all active satellites and will have launched a majority of all satellites cumulatively from Earth by next year.
This achievement has sparked questions about when or if Starlink will join the public markets via an initial public offering (IPO). The news underscores the rapid progress of Starlink, which aims to provide affordable and reliable internet access globally. Musk’s comments highlight the company’s financial health and its potential for further growth in the satellite communication sector.
Image Credits: SpaceX
More news from TC and beyond
The Federal Aviation Administration (FAA) has completed a key portion of the launch license review for SpaceX’s Starship, bringing the company one step closer to achieving its long-awaited second launch. This milestone is part of the ongoing efforts to establish SpaceX as a leading player in the commercial space industry.
Kuva Space, a hyperspectral imagery startup founded in Finland, has successfully raised €16.6 million ($17.6 million) in a Series A funding round. The company aims to deploy up to 100 satellites by the end of the decade, leveraging its expertise in hyperspectral imaging to capture detailed data for various applications, including environmental monitoring and disaster response.
Sierra Space’s Dream Chaser spaceplane is nearing its first test flight after years of development. This advanced spacecraft is designed to deliver payloads to low Earth orbit (LEO) and return them safely to Earth, marking a significant step forward in the company’s commercial space ambitions.
SpaceX and United Launch Alliance have been awarded a U.S. Space Force contract for 21 launches, valued at $2.5 billion. This collaboration underscores the growing partnership between SpaceX and ULAL, which has already achieved remarkable success with its reusable launch vehicles, such as the Falcon 9 rocket.
Virgin Galactic is set to conduct its fifth crewed suborbital mission in January 2025, further solidifying its position as a leader in the suborbital space travel industry. The company’s innovative spacecraft design and robust development timeline have made it a focal point of interest for both industry experts and the general public.
Zephr has emerged from stealth with groundbreaking plans to dramatically improve GPS technology using cell phones with zero hardware modifications. This development could revolutionize the way consumers interact with satellite navigation systems, offering new possibilities for enhanced accuracy, ease of use, and integration into everyday life.
Max Q is brought to you by Aria Alamalhodaei. If you enjoy reading Max Q, consider forwarding it to a friend.
Topics:
- Space
- Defense
- Aria Alamalhodaei
More from TC and beyond
The Federal Aviation Administration (FAA) has completed a key portion of the launch license review for SpaceX’s Starship, bringing the company one step closer to achieving its long-awaited second launch. This milestone is part of the ongoing efforts to establish SpaceX as a leading player in the commercial space industry.
Kuva Space, a hyperspectral imagery startup founded in Finland, has successfully raised €16.6 million ($17.6 million) in a Series A funding round. The company aims to deploy up to 100 satellites by the end of the decade, leveraging its expertise in hyperspectral imaging to capture detailed data for various applications, including environmental monitoring and disaster response.
Sierra Space’s Dream Chaser spaceplane is nearing its first test flight after years of development. This advanced spacecraft is designed to deliver payloads to low Earth orbit (LEO) and return them safely to Earth, marking a significant step forward in the company’s commercial space ambitions.
SpaceX and United Launch Alliance have been awarded a U.S. Space Force contract for 21 launches, valued at $2.5 billion. This collaboration underscores the growing partnership between SpaceX and ULAL, which has already achieved remarkable success with its reusable launch vehicles, such as the Falcon 9 rocket.
Virgin Galactic is set to conduct its fifth crewed suborbital mission in January 2025, further solidifying its position as a leader in the suborbital space travel industry. The company’s innovative spacecraft design and robust development timeline have made it a focal point of interest for both industry experts and the general public.
Zephr has emerged from stealth with groundbreaking plans to dramatically improve GPS technology using cell phones with zero hardware modifications. This development could revolutionize the way consumers interact with satellite navigation systems, offering new possibilities for enhanced accuracy, ease of use, and integration into everyday life.
Max Q is brought to you by Aria Alamalhodaei. If you enjoy reading Max Q, consider forwarding it to a friend.
Topics:
- Space
- Defense
