Elon Musk Says Starlink Still Far From Cashflow Positive: ‘Any Support Is Super Helpful’

Started by Epoch-Times-Bot, Oct 06, 2022, 06:45 PM

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Epoch-Times-Bot

Oct 06, 2022, 06:45 PM
Elon Musk Says Starlink Still Far From Cashflow Positive: 'Any Support Is Super Helpful'

Elon Musk made a plea for its SpaceX-owned Starlink satellite internet service on Tuesday.
What Happened
Musk took to Twitter to note that all low-earth orbit communications constellations to date have gone bankrupt.
His claims may not be farfetched, as in 2020 alone three satellite communications companies including Intelsat SA, Speedcast International and OneWeb went bankrupt, though all of them have emerged from bankruptcy now.
The billionaire also noted that Starlink is still far from cashflow positive.
"So, any support is super helpful," he said.


Should be noted that Starlink is still far from cash flow positive. All LEO communications constellations to date have gone bankrupt, so any support is super helpful....

Source: Elon Musk Says Starlink Still Far From Cashflow Positive: 'Any Support Is Super Helpful'

xenzol

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Aug 03, 2024, 07:14 PM
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