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by next_xibalba
964 days ago
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Likely Starlink operates as a distinct business unit, having its own financial statements (income, balance sheet, and cash flow). Breakeven means that the unit didn’t lose cash (but didn’t necessarily produce positive cash). Launch costs are very likely capitalized and amortized over the useful life of the equipment that was launched. Any costs hit cash flows as soon as invoices are paid, but is not recognized all at once on the income statement. Being cash flow positive is an extremely important milestone for a startup, but no, it doesn’t indicate profitability. |
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