Categories: Market Overview

Elon Musk says SpaceX’s Starlink internet service possibly on track for 500,000 users in one year

Elon Musk on Tuesday said SpaceX’s satellite internet network Starlink “recently” passed near 70,000 active users and expects fast-paced growth in the year ahead. “We are on our way to having a few hundred thousand users, possibly over 500,000 users within 12 months,” Musk said, speaking virtually at the Mobile World Congress trade show in Barcelona, Spain.

Starlink is the company’s capital-intensive project to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. SpaceX first rolled out the service with a beta program for select consumers for $99 a month, and in the past year has sought regulatory approval to test the network inflight and expand the service to large moving vehicles, like ships and trucks. It’s now the world’s largest satellite constellation, with more than 1,500 Starlink satellites launched to orbit to date.

SpaceX last month touted that Starlink has received more than 500,000 orders and deposits so far to date, although those may not materialize into users. Starlink’s user base has grown, from about 10,000 users in February to Musk saying that this month it passed “the strategically notable number of 69,420 active users.”

Elon Musk says SpaceX’s Starlink internet service possibly on track for 500,000 users in one year, CNBC, Jun 30

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

5 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

6 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

6 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

10 hours ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

11 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

1 day ago

This website uses cookies