Starlink has hit a considerable subscriber milestone, largely due to its record user growth over the past six months.
SpaceX has been laboring toward profitability ever since its founding by Elon Musk. One in every of its primary tools to assist achieve that financial success is its satellite web service, Starlink. Now, because the service has grown in each coverage and offerings, it has reached a brand new subscriber milestone, which might be critical as the corporate probes a possible IPO.
Based on SpaceX, initially reported by Sawyer Merrit on Twitter, Starlink has achieved a subscriber count of 1.5 million users and a record user growth of three,600 latest subscribers day by day.
SpaceX’s @Starlink is seeing hyper growth, adding over ~3,600 latest customers per day.
Customer total now stands at 1.5 million per SpaceX. pic.twitter.com/WLTN7l2rz4
— Sawyer Merritt (@SawyerMerritt) May 6, 2023
In celebrating reaching this astronomical subscriber count, SpaceX has published a video to its Instagram showing off among the incredible projects its Starlink service is getting used for.
Helping to grow its subscriber count so substantially over the past six months has been the expansion of services and offerings from the web provider. Most notably, by expanding into aviation and maritime use cases, SpaceX is poised to dramatically increase revenues from these typically internet-starved sectors. Furthermore, for land-based customers, Starlink has introduced satellite receivers for those on the go and for patrons in among the harshest conditions on the planet.
Besides this growth in service, Starlink has also dramatically increased web speeds because it has worked to launch its next-generation satellites. These satellites are also helping to make sure more consistent coverage in distant and hard-to-reach areas, which is precisely where Starlink customers want the service to operate.
Trying to the long run, many consider that either SpaceX or its Starlink unit could come to the stock market through some of the substantial IPOs in years. These rumors have yet to be confirmed by SpaceX, Starlink, or their CEO Elon Musk. Still, with the capability to jumpstart the business with fresh capital, it might be a handy tool as the web provider looks to proceed to expand and improve its operations.
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