The Starlink project broke even for the first time, this happened four years after the launch of the first satellite. SpaceX founder Elon Musk described the event as “a great job by a great team.”

The Starlink project has reached financial breakeven for the first time, Elon Musk said.

The Starlink satellite internet project achieved cash flow balance for the first time since its inception. This was announced by SpaceX founder Elon Musk on his social media page.

“Great work by a great team,” said Elon Musk. Musk owns 42% of SpaceX, creator of the Starlink project.

According to Musk, the Starlink spacecraft constellation currently makes up the majority of all active satellites in orbit. There are currently more than 5 thousand Starlink devices in orbit.

The Starlink project is a vast network of satellites placed in low Earth orbit, whose task is to distribute high-speed Internet to any location on Earth.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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