In a recent post on X (previously, Twitter), Elon Musk’s aerospace company SpaceX announced that Starlink, its satellite internet service, now has over 4 million subscribers.
Expressing gratitude to its clientele, Starlink wrote on X, saying, “Starlink is connecting more than 4 million people with high-speed internet across 100+ countries, territories, and many other markets.”
In a September 24 testimony before the Texas House Appropriations Committee, Gwynne Shotwell, President and Chief Operating Officer (COO) of Starlink, predicted that the company will surpass 4 million customers by this coming week.
With 1 million subscribers in December 2022, 2 million by September 2023, and 3 million by May of this year, Starlink’s growth has been accelerating at a rapid rate. With almost 6,000 satellites in its global network, Starlink provides internet access in nearly 100 countries to both individual users and large businesses, such as major airlines and cruise lines.
Quilty Space, an industry research and consulting firm, projects Starlink to make $6.6 billion in revenue this year, a significant increase from the roughly $1.4 billion it made just two years ago. The CEO of SpaceX, Elon Musk, has stated in the past that money from Starlink’s sales will go towards developing the business’s reusable Starship rocket.
