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

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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.

 

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