SpaceX’s Starlink Just Added 1.6 Million Customers. But That’s Not the Best News
SpaceX reported strong Q3 results with Starlink adding 1.6 million customers to reach 13.6 million total subscribers. Connectivity revenue grew 69.5% YoY to $5.2 billion with operating income up 99%. Most notably, average revenue per user increased 4.5% sequentially to $69, a rare occurrence. The company plans to launch 100,000 more powerful Starlink V3 satellites using its Starship rocket, which could significantly expand capacity and reduce costs, though execution and regulatory risks remain.