What this means is Starlink could bring in as much as $6 billion in its first year if it can turn every potential sales lead into a customer. Starlink estimated its addressable market was $6 billion at launch. The company’s potential is also raising eyebrows among investors. That includes the Crew-3 Mission launch from the Kennedy Space Center in November 2021. As a well-known force in the developing space industry, SpaceX has received a lot of attention with its eye-catching launches. Although Musk can be a polarizing figure, he inevitably draws a lot of attention with any of his business endeavors.Īlso consider SpaceX, the company that operates Starlink. There are many reasons people may want to invest in Starlink, but it being one of CEO Elon Musk’s numerous companies is a likely factor. Why do people want to invest in Starlink? Starlink is based in Redmond, Washington. SpaceX uses its Falcon 9 rockets to launch Starlink satellites into space, having launched 49 Starlink satellites in January 2021. As a division of SpaceX, the company’s founder is Elon Musk. SpaceX’s Starlink satellites form this constellation the company uses satellites in low Earth orbit to enable online gaming, video calls, streaming, and other aspects of internet connectivity. Since 2014, a division of SpaceX has been working on a so-called satellite “constellation” that will provide internet access nearly anywhere in the world. Why do people want to invest in Starlink?Īerospace manufacturer SpaceX has grown significantly since its founding in 2002.
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