Elon Musk Says Starlink Still Far From Cashflow Positive: ‘Any Support Is Super Helpful’

Elon Musk Says Starlink Still Far From Cashflow Positive: ‘Any Support Is Super Helpful’
Tesla CEO Elon Musk looks up as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway, on Aug. 29, 2022. Carina Johansen/NTB/AFP via Getty Images
Benzinga
Updated:
Elon Musk made a plea for its SpaceX-owned Starlink satellite internet service on Tuesday.

What Happened

Musk took to Twitter to note that all low-earth orbit communications constellations to date have gone bankrupt.

His claims may not be farfetched, as in 2020 alone three satellite communications companies including Intelsat SA, Speedcast International and OneWeb went bankrupt, though all of them have emerged from bankruptcy now.