Elon Musk Claims SpaceX and Starlink Have Reached Cashflow Breakeven

Elon Musk claims that SpaceX and Starklink have achieved breakeven cashflow. Breakeven means that the companies have reached a point at which cost and income are equal and there is neither profit nor loss. This means that SpaceX, which was founded in 2002 and spawned Starlink, has been loss-making for over 20-years.

SpaceX was founded in 2002 and with the goal of reducing space transportation costs and to colonize Mars. It operates numerous rockets going to the International Space Station. Musk initially invested $100 million in the company which went on to raise $11.6 billion in venture funding and is currently valued at $140 billion.

Starlink on the other hand is an internet satellite system that has coverage in over 60 countries worldwide. It was launched in 2019 by the American aerospace company Space X. As of August 2023, it consists of over 5,000 mass-produced small satellites in low Earth orbit (LEO),[6] which communicate with designated ground transceivers. Nearly 12,000 satellites are planned to be deployed, with a possible later extension to 42,000.

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