[mothballed]

Starlink is operated by Starlink Services, LLC which allows SpaceX to play all sorts of accounting tricks by mixing in engineered contracts with SpaceX.

[bryanlarsen]

Independent estimates are for $5B of profit on $10B of revenue for Starlink for 2025.

You don't get numbers like that by subsidizing it from the ~$1B/year launch business.

https://www.advanced-television.com/2025/10/01/forecast-8-2m...

[inemesitaffia]

The money has to show up somewhere.