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SpaceX No Longer Taking Losses To Produce Starlink Satellite Antennas

Published by Slashdot on Fri, 15 Sep 2023


Elon Musk's SpaceX is no longer absorbing the cost of the Starlink antennas it sells with its satellite internet service, a company executive said Wednesday, a key step to the company improving its profitability. CNBC reports: "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," Jonathan Hofeller, SpaceX vice president of Starlink and commercial sales, said during a panel at the World Satellite Business Week conference. SpaceX sells consumer Starlink antennas, also known as user terminals, for $599 each. For more demanding Starlink customers -- such as mobile, maritime or aviation users -- SpaceX sells antennas with its service in a range between $2,500 and $150,000 each. When SpaceX first began selling its Starlink service, company leadership said the terminals cost about $3,000 each to manufacture. The company improved that to about $1,300 per terminal by early 2021. Hofeller's comments Wednesday indicate the terminals now cost less than $600 each to make, mass production savings that Hofeller credited as "one of our keys to success."Read more of this story at Slashdot.
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