With the SpaceX IPO coming soon, Starlink has crossed 10 million subscribers and $12 billion in revenue, but Starlink’s average revenue per user is down 18%.
Alex Gizis and Speedify engineers discuss four reasons the average revenue per user is falling:
- Starlink makes 3,000 times more from an airline than a home user,
- many Starlink enterprise and Starlink roam users are getting multiple Starlink dishes,
- emerging markets are essentially free to add once satellites are paid off,
- Amazon LEO is forcing Starlink’s hand on pricing.
Of Speedify’s Starlink users, 70% run a second internet connection, and 11% now run two or more Starlink dishes.
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