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I believe Starlink will become the world’s largest recurring subscription business one day. Today, Starlink has 12M+ subscribers across 160+ countries… yet still 2.2 BILLION people (~26% of Earth’s 8.3B) still have no internet access. The potential for Starlink is massive.

30,240 views • 1 month ago •via X (Twitter)

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I think Starlink is wildly undervalued. It’s a $1+ trillion company in the making on its own. A lot of people still think Starlink is just “internet from space,” but in reality, it’s one of the most important communications networks ever built. In 2025 alone, Starlink generated $11.4 billion in revenue, accounting for roughly 61% of SpaceX’s total revenue. It served more than 10 million customers globally and generated $4.4 billion in operating profit w/ EBITDA margins of 63%. Starlink is a cash machine. Fyi, independent analysts forecast Starlink will generate approximately $20 billion in revenue, $14 billion in EBITDA, and over $8 billion in free cash flow in 2026… plus consumer broadband will continue to expand rapidly, while aviation, maritime, Starshield, and direct-to-cell services will open entirely new markets. The real advantage is that Starlink owns the entire stack. SpaceX builds the satellites, they launch the satellites, they operate the network, and they manufacture the user terminals. No competitor comes close to that level of vertical integration…. On top of this, starship will make the story even more crazier with next-generation satellites, 100+ satellites per launch, dramatically lowering launch costs, and thousands of new satellites being deployed each year, the cost of serving additional customers continuing to fall, while the network & tech keep getting stronger. If you really want to understand why SpaceX is at a $2T valuation… start with Starlink. Starlink already generates the majority of SpaceX’s revenue, profit, and free cash flow. It helps fund Starship development, supports expansion across the company, and provides the financial engine behind SpaceX’s long-term ambitions. The bull case is based on real revenue, real profits, real customers, and a moat that gets wider every year… NOT hype. The way I see it, Starlink will become the most valuable communication company in human history and a $1 trillion valuation doesn’t sound crazy to me for this business/technology alone.

Teslaconomics

28,227 views • 1 month ago

I genuinely believe Starlink is going to double its subscriber base in 2026, going from 9M to ~18M+. When you lay out the growth, it’s hard not to see where this is heading. This is THE technology that is funding the mission to Mars. Starlink Subscriber Growth • Feb 4, 2021: 10K • Nov 11, 2021: 140K • Dec 19, 2022: 1M (~404 days to 1M) • Sep 23, 2023: 2M (~278 days to 1M) • May 21, 2024: 3M (~241 days to 1M) • Sep 26, 2024: 4M (~128 days to 1M) • Feb 28, 2025: 5M (~155 days to 1M) • June 9, 2025: 6M (~101 days to 1M) • Aug 28, 2025: 7M (~80 days to 1M) • Nov 6, 2025: 8M (~70 days to 1M) • Dec 23, 2025: 9M (~47 days to 1M) This is what you call exponential growth! At the beginning, this technology felt expensive or hard to justify to people who already had great internet, but today it’s much more affordable and for millions of people, Starlink is priceless. All you need to do is point it to the sky and it • Connects families in rural areas for the first time • Lets kids learn about anything from anywhere where there was no internet before (just imagine a curious kid getting access to Grok!) • Enables small businesses, farms, ships, disaster zones, and remote hospitals to get internet • Gives people access to opportunity that geography used to block Once you experience Starlink, people begin to tell everyone. That’s how life changing technology spreads. It’s slow at first then all of sudden everyone gets it. FYI, today ~26% of the world’s population lacks access to the internet, which is about ~2.2 billion people. I believe the growth is just getting started… and the opportunity is massive.

Teslaconomics

12,930 views • 6 months ago