UP

SpaceX stops absorbing Starlink antennas' cost

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

A SpaceX executive said on Tuesday that the spacecraft manufacturer stopped absorbing the expenditure, including losses, of producing the Starlink antennas that are sold for prices between $599 to $150,000.

Axar.az reports citing foreign media.

"We were subsidizing terminals but we've been iterating on our terminal production so much that we're no longer subsidizing terminals, which is a good place to be," Vice President of Starlink Commercial Sales at SpaceX Jonathan Hofeller confirmed during his participation at the World Satellite Business Week in Paris. This move is a crucial step towards the company's improved profitability, as Hofeller described it as "one of [their] keys to success."

Previously, it was reported that Starlink's full-year 2022 revenue would have grown up to $1.4 billion, compared to the $222 million registered in the same timeframe a year prior.

Date
2023.09.13 / 23:31
Author
Axar.az
Comments
See also

Elon Musk will speak at the Baku conference

Capsule with NASA's first asteroid sample heads for Utah

Musk is looking for an employee who can speak Turkish

Elon Musk told Tucker Carlson he voted for Biden

Data regulators in Ireland fine TikTok €345 million

The Apple has discontinued sales of this iPhone model

New iPhone 15 model unveiled

WhatsApp is rolling out a cross-platform messaging upgrade

Nasa’s Perseverance produces breathable oxygen on Mars

4447 tickets were sold for the Azerbaijan-Belgium game

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla