SpaceX Starlink Revenue Per User Fell 18% 2023-2025: Information

SpaceX’s Starlink revenue per user fell 18% in the 2023-2025 time period, the Information reported on Wednesday, citing a draft prospectus linked to the company’s plans for an initial public offering.

Starlink, which sells internet connections from space through a network of thousands of satellites, is a key source of revenue for the Elon Musk-led company.

While Starlink quadrupled its individual subscribers in that two-year period, the average revenue each subscriber brought in fell 18% to $81 a month, the Information said. SpaceX expects the decline, fueled by cheaper plans and expansion outside of North America, to continue ...