Starlink Mobility (RV and other users) has 300,000 customers who pay $2500 for installation and $250 per month. This is more than the $120 per month f

SpaceX and Starlink Revenue is Growing Faster

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2023-05-26 07:00:05

Starlink Mobility (RV and other users) has 300,000 customers who pay $2500 for installation and $250 per month. This is more than the $120 per month for regular residential. The higher charges for mobility/RV users and the higher estimate of Starlink mobility customers, the increase in residential charges of $10 per month, increases my conservative estimate for Starlink 2023 revenue by about $1 billion to over $17 billion.

If SpaceX is able to increase Starlink satellite dish production to 500,000 dishes per month by mid-2023 then they could make 1 million in first half of 2023 and 3 million in the second half. Every 2 million more residential Starlink customers adds $3 billion per year in runrate to revenue. 6 million more residential customers in 2024 would add $9 billion per year in revenue. SpaceX is finishing a Starlink dish factory in Texas which should massively increase Starlink dish production.

RV ownership has grown from 7.9 million households in 2005 to over 9 million today. Over 11% of US households own a recreational vehicle. More than 50% of RVers take their pets away with them. Over 40 million Americans regularly go RVing, with over 25 million RVing a year. If 12% of RV owners choose to get a Starlink this would be a market for 1 million mobile Starlink. This would be $2.5 billion per year in mobile Starlink revenue. If 33% of RV owners choose to get a Starlink this would be a market for 3 million mobile Starlink. This would be $9 billion per year in mobile Starlink revenue.