This was stated by CEO Elon Musk, who emphasized that Starlink now accounts for the majority of all active satellites in Earth orbit. This statement became especially meaningful against the background of Musk’s concerns last year about the possible bankruptcy of the project.
Starlink’s current financial success is a result of the company’s efforts, which signaled profitability earlier this year through Gwynne Shotwell, SpaceX’s president and chief operating officer.
Investors and analysts are watching the next steps of the project with interest and suggest that the company may change its status and offer its shares to the public through an initial public offering.
Source: Ferra
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