Starlink has surpassed $11 billion in annual revenue for SpaceX, growing over 50% year-over-year and transforming the company into a global telecom giant.

SpaceX's leaked Q1 financials reveal $4.6B in revenue alongside a $4.2B net loss, driven by massive Starlink and Starship capital expenditures.

Starlink has surpassed $11 billion in annual revenue for SpaceX, growing over 50% year-over-year and transforming the company into a global telecom giant.

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and colonizing Earth's neighboring planet.

SpaceX's Starlink satellite internet business is the clear financial engine of the company, generating $11.4 billion in revenue in 2025, up nearly 50 percent year-on-year.