Anonymousabout 1 hour ago
SpaceX's S-1 filing reveals that Starlink, its satellite internet division, generates 61% of the company's $18.7 billion in revenue and is its only profitable segment. With 10.3 million subscribers and a 63% EBITDA margin, Starlink is subsidizing both the launch business and an AI division while facing structural constraints from satellite physics, regulatory headwinds across multiple continents, and growing competition from Amazon Leo.