SpaceX stops absorbing Starlink antennas' cost

SpaceX stops absorbing Starlink antennas
# 13 September 2023 21:20 (UTC +04:00)

A SpaceX executive said on Tuesday that the spacecraft manufacturer stopped absorbing the expenditure, including losses, of producing the Starlink antennas that are sold for prices between $599 to $150,000, CNBC quoted the formal sources, APA reports.

"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," Vice President of Starlink Commercial Sales at SpaceX Jonathan Hofeller confirmed during his participation at the World Satellite Business Week in Paris. This move is a crucial step towards the company's improved profitability, as Hofeller described it as "one of [their] keys to success."

Previously, it was reported that Starlink's full-year 2022 revenue would have grown up to $1.4 billion, compared to the $222 million registered in the same timeframe a year prior.