Key facts
- Starlink had 13.6 million consumer subscribers at the end of September.
- Consumer subscriber growth fell short of the 14.2 million expected by analysts.
- Monthly consumer revenue per user rose 5% from the previous quarter.
- Enterprise and government revenue jumped 91% year-on-year to $2.1 billion.
- 3,800 aircraft were outfitted with Starlink equipment as of September.
- SpaceX agreed to buy low-band wireless spectrum from Grain Management.
SpaceX's satellite-internet service, Starlink, reported 13.6 million consumer subscribers at the end of September, falling short of the 14.2 million expected by Bloomberg analysts. The company stated that this figure excludes hundreds of thousands of enterprise and aviation customers. Despite missing subscriber growth expectations, Starlink's financial performance showed strength, with monthly consumer revenue per user increasing by 5% from the previous quarter. Enterprise and government revenue saw a significant surge of 91% year-on-year, reaching $2.1 billion. The company highlighted aviation as a major growth area, with 3,800 aircraft already equipped with Starlink. SpaceX also announced its agreement to acquire a portfolio of low-band wireless spectrum from Grain Management, a move that could position Starlink as a direct competitor to major mobile carriers like Verizon, AT&T, and T-Mobile.