Internal SpaceX data shows growth of the Starlink satellite business, with 2023 revenue expected to hit $9 billion from rocket launches and Starlink.
SpaceX is on track to book revenues of about $9 billion this year across its rocket launch and Starlink businesses, according to people familiar with the matter, with sales projected to rise to around $15 billion in 2024. Sales for Starlink, in particular, are expected to outpace and exceed the launch business next year as the product becomes available in more regions around the world, according to the people, who asked not to be identified because the information is private.
The Information previously reported on the projected operating profits and pegged projected 2023 revenue at about $8 billion, double the previous year's revenue. Representatives for the company, formally Space Exploration Technologies Corp., did not respond to requests for comment. Starlink offers high-speed internet connection for a monthly fee and a one-time charge for the ground receiver hardware needed to connect to its satellite constellation.
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