Starlink Has 10 Million Subscribers, and It's Just Getting Started. Here's Why That Matters for SpaceX Investors.

Starlink reaching 10.3 million subscribers in the first quarter underpins SpaceX’s valuation and its funding capacity for broader ambitions. The article says Starlink’s subscriber base doubled over the past year and that Starlink is currently SpaceX’s most profitable business, generating operating profit and supplying internally generated capital. It links this cashflow to SpaceX’s strategy to invest heavily in artificial intelligence, noting that in 2025 SpaceX recorded $18.6 billion in total revenue and a net loss of $4.9 billion across segments, with Connectivity as the only profitable line. The piece also cites capital spending of $20.7 billion, with $12.7 billion directed to the AI segment. It references a Goldman Sachs estimate that Starlink revenue could reach $144 billion by 2030. The article also mentions SpaceX’s 2025 IPO raising $86 billion and cash-equivalents at $100 billion as of June 19.