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The recent financial development at Starlink has sparked confusion among X users, with some questioning whether Musk was referring to the overall performance of SpaceX or specifically addressing Starlink. Earlier this year, SpaceX reported a Q1 profit of $55 million, despite Starlink’s revenue trailing behind a 2015 forecast made by SpaceX. The private company, currently valued at $150 billion, does not publicly disclose its financials in the same way Musk’s other company, Tesla (NASDAQ:TSLA), does.
Starlink’s broadband satellite internet service is now available in over 60 countries and claims more than 2 million active customers. This success has helped Starlink form the majority of all active satellites, providing stiff competition to services like Amazon (NASDAQ:AMZN)’s Project Kuiper.
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