May. 21 at 2:40 PM
SpaceX launched Starlink in 2015 as a way to take advantage of the company’s access to space, creating a satellite constellation that could underpin a powerful internet service. Starlink has for years been viewed as a cash cow that can help fund SpaceX’s other costly efforts.
In its IPO filing, SpaceX said capital expenditures in the first quarter totaled
$10.1 billion, more than doubling from a year earlier. The vast majority of those costs —
$7.7 billion — were for AI.
Starlink has emerged as a popular offering with consumers, but it’s also used by dozens of airlines, including United
, Southwest
and Hawaiian, for offering in-flight wireless internet. Musk said in December that Starlink’s commercial service was “by far” the largest contributor to SpaceX’s revenue.
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