By Micah Maidenberg

A big driver for SpaceX is Starlink, which provides internet connections via about 10,000 satellites in low-Earth orbit. Starlink had about 10 million subscribers at the end of March, double compared with the same period a year before, according to the filing.

The SpaceX unit that includes Starlink broadband service generated more than $11 billion in revenue for 2025 out of the company's total sales of about $18.7 billion. "Starlink is capable of delivering broadband connectivity anywhere on Earth," the company said.

SpaceX listed telecom giants such as AT&T and Verizon as Starlink competitors and said the service could grab a bigger share of the high-speed internet market from the rivals in the years ahead.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 20, 2026 17:32 ET (21:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.