SpaceX's Starlink Reaches Breakeven Cash Flow, Confirms Elon Musk

SpaceX CEO Elon Musk announced that the company's Starlink satellite internet business has achieved breakeven cash flow, marking a significant milestone. While Musk did not specify the time period or operating basis, earlier reports indicated that Starlink had a cash flow positive quarter in 2022. Starlink, with over 5,000 satellites launched, has disrupted the satellite communications sector and expanded into various markets. SpaceX's valuation has soared to $150 billion, and Musk has discussed the possibility of spinning off Starlink for an IPO, although the timing remains uncertain.