PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability.
“We were subsidizing terminals but we’ve been iterating on our terminal production so much that we’re no longer subsidizing terminals, which is a good place to be,” Jonathan Hofeller, SpaceX vice president of Starlink and commercial sales, said during a panel at the World Satellite Business Week conference.
SpaceX sells consumer Starlink antennas, also known as user terminals, for $599 each. For more demanding Starlink customers – such as mobile, maritime, or aviation users – SpaceX sells antennas with its service in a range from $2,500 to $150,000 each.
“Exciting news for SpaceX and Starlink! Eliminating losses in antenna production is a big win for profitability and global internet access.”
Thanks for sharing
Improving profitability in the satellite internet market is key to SpaceX’s ability to continue expanding the Starlink network and fulfilling its mission of providing global internet coverage.
Great news to reduce cost