SpaceX's Gwynne Shotwell Sees Starlink Becoming Profitable In 2024, Bets On Starship Making It One Of The Most Valuable Companies Amid Reports Of Tender Offer Valuing It Over $250B

Quick Summary:

SpaceX COO Gwynne Shotwell said on Friday that the company is building 50-60 satellites per week as it builds its Starlink satellite network in low-earth orbit.

According to data from astronomer Jonathan McDowell, SpaceX has launched over 7000 Starlink satellites into space, of which nearly 6000 are in operational orbit.

Shotwell said on Friday at the conference hosted by Baron Capital that the company will make “some money” on Starlink this year.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesIndia

Topics: SpaceX KeyProj News SPACE Starship Mobility Tech Gwynne Shotwell Elon Musk Benzinga StarLink

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 12:24:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23657765

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