News Formal

SpaceX Achieves a Key Business Milestone. Starlink Is Cash-Flow Breakeven.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Elon Musk says SpaceX's Starlink is now cash flow breakeven. Here's what that means.

SpaceX has accomplished a lot of amazing things over its history. It just racked up another achievement.

There are some 5,000 Starlink satellites in orbit. Starlink satellites are small, lower-cost satellites built by SpaceX that deliver high-speed, space-based Wi-Fi to customers on Earth. Starlink can cost about $120 a month and there is some hardware to buy as well. Oftentimes investors focus on earnings, but cash is arguably more important. It’s the lifeblood of any business. Earnings numbers are impacted by many non-cash items such as depreciation and receivables. Cash is just cash. Consistent cash flow is what any business needs to operate and grow.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk says SpaceX's Starlink business 'achieved breakeven cash flow'SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet business 'achieved breakeven cash flow.'
Source: CNBC - 🏆 12. / 72 Read more »

Elon Musk says SpaceX's Starlink business ‘achieved breakeven cash flow'SpaceX CEO Elon Musk announced on Thursday that the company’s Starlink satellite internet business “achieved breakeven cash flow.”
Source: NBCLA - 🏆 319. / 59 Read more »