How Starlink can be ‘key’ to Elon Musk-led SpaceX’s growth and profit as company gets closer to IPO

SpaceX’s Starlink is emerging as the company’s financial powerhouse, eclipsing other divisions in growth and profitability. The satellite internet unit generated $11.39 billion in revenue last year, accounting for 61% of total sales and was the sole profitable division. This financial success is crucial for funding Elon Musk’s ambitious long-term visions, including Mars colonization and orbital AI data centers.

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