Starlink subscribers 1,030…a key factor in assessing IPO value
As interest in SpaceX’s listing intensifies, the satellite-internet service Starlink is the core business that can be evaluated in practical terms. Starlink subscribers have more than doubled over the past 1 years, reaching 1,030 subscribers, but declining ARPU and the burden of terminal costs make it difficult to calculate the company’s value.
Investor interest is pouring into SpaceX’s initial public offering (IPO). The satellite-internet service Starlink is the core business that can be evaluated in practical terms.
Starlink accounts for the largest share among SpaceX’s business divisions by revenue and is the only one generating profits.
The number of subscribers has more than doubled over the past 1 years and currently stands at 1,030 subscribers.
The space and artificial intelligence business segments recorded combined revenue for this year’s1quarters of14hundred million dollars and an operating loss of31hundred million dollars.
However, Starlink’s average revenue per user (ARPU) is declining.
Monthly ARPU fell from1years ago’s86dollars to this year’s1quarter66dollars.
Annual ARPU declined from2023year’s99dollars to2024year’s91dollars.
Last year’s ARPU was81dollars.
Although the number of subscribers doubled, operating profit increased only slightly, from10hundred million3000ten thousand dollars to11hundred million9000ten thousand dollars.
With the price increase already implemented, the risk of customer churn and terminal manufacturing costs being about 3times higher than those of standard wired internet modems have been cited as burdens. The competitive environment is also changing.
Sources: 뉴시스 경제
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