SpaceX has stopped making a loss on its Starlink satellite internet service

Satellite Internet Starlink has stopped making losses. This was reported by Elon Musk, CEO of SpaceX.

Here's What We Know

This week, Elon Musk wrote on social network X that satellite internet service Starlink has stopped being unprofitable. He also noted that SpaceX owns most of the current satellites deployed in Earth orbit.

Starlink has been unprofitable for an extended period of time. SpaceX has consistently lost money maintaining the satellite internet service, and last year Elon Musk said a key goal of the business was to avoid going bankrupt.

Source: @elonmusk