SpaceX's Starlink satellite internet service purportedly brought in $72 million in revenue as direct costs ate into most of its sales, show financial statements shared by an X user. Starlink is the world's largest satellite internet service, and SpaceX has aimed to use its profits to fund rocket development for interplanetary space missions. However, so far, it appears that most of the revenue generated from Starlink is going into expanding the service's global presence, as out of the $2.7 billion in revenue that the service generated in 2024, $2.5 billion was accounted for by direct costs. Europe Purportedly Emerges As […]
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