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Ridgewood NJ, Elon Musk announced on Thursday that SpaceX has achieved breakeven cash flow. It is unclear whether the milestone was hit on an operating basis or for a specific time period. SpaceX’s valuation is now at around $150 billion. Musk is considering spinning off Starlink and making it public through an initial public offering likely after 2025.
Continue reading SpaceX’s Starlink ‘achieved breakeven cash flow’
the staff of the Ridgewood blog
Ridgewood NJ, SpaceX filed an application with the US FCC on December 6 for authorization to equip some of its Starlink satellites with direct-to-cellular hardware. The FCC recently authorized SpaceX to launch 7,500 second-generation Starlink satellites before the end of the decade. If the direct-to-cellular hardware is approved, Starlink will be able to provide voice, messaging, and basic web browsing capabilities to mobile devices. SpaceX plans to offer smartphone coverage as soon as 2024.
Continue reading SpaceX Starlink Cell Service in the Offering