Starlink Surge: Starlink Targets 20 Million Satellite Broadband Subscribers by 2030

NEWS PROVIDED BY

Idem Est Research & Advisory

5 February 2024, 16:00 AEST

Idem Est Research predicts Starlink will turn free cash flow positive by 2026 after investing over USD8 billion in capital expenditures in 2024 and 2025

FOR IMMEDIATE RELEASE

Key Highlights from the Starlink company profile:

Starlink, SpaceX’s pioneering satellite internet subsidiary, has hit a ground-breaking milestone by surpassing 2.2 million subscribers globally as of December 2023. This achievement underscores its commitment to delivering high-speed internet connectivity worldwide. Operating a constellation of over 5,700 low Earth orbit (LEO) satellites, Starlink leads the satellite broadband market, offering unmatched access to remote and underserved areas.

Unmatched Global Reach and Technological Innovation

Starlink’s expansive network, aiming for a total of 12,000 satellites, has been launched at an impressive rate of 165 per month throughout 2023. This aggressive expansion has enabled Starlink to extend its coverage to approximately 2.1 billion people worldwide, with the service now available across diverse regions including Africa, Asia, Central America, Europe, North America, Oceania, and South America.

Economic Impact and Future Prospects

Starlink’s innovative strategies have cemented its position as a frontrunner in the global broadband satellite services, generating significant economic and technological impacts. Revenues are on track to hit $15.8 billion by 2030, with subscriber numbers expected to soar above 20 million, despite initial financial hurdles. “Idem Est Research predicts Starlink will turn free cash flow positive by 2026 after investing over USD8 billion in capital expenditures in 2024 and 2025, supporting our base case enterprise value (EV) assessment of over USD110 billion,” states Landry Fevre, Director of Idem Est Research & Advisory.

The integration of 4G/5G networks and the introduction of direct-to-cell messaging services in 2024 underline Starlink’s commitment to enhancing connectivity. 

Strategic Position in Global Geopolitics

Starlink’s comprehensive satellite coverage and strategic partnerships underscore its pivotal role in global connectivity and geopolitics. Its influence extends beyond commercial interests, positioning it as a key player in international relations and digital sovereignty discussions. ” Starlink leads the global broadband satellite market, creating an economic and technological flywheel that gives it a significant strategic and competitive edge over its closest competitors, OneWeb, Kuiper” says Landry Fevre, Director of Idem Est Research & Advisory.

Commitment to Bridging the Digital Divide

As Starlink continues to redefine the possibilities of satellite broadband, its potential to drive socioeconomic development in regions like Africa and the Asia Pacific is immense.

“Idem Est Research forecasts that satellite broadband subscribers will reach 38 million by 2030 just in the Asia Pacific region, this sector of the telecommunications industry is among the fastest revenue growth segment, with an average growth rate of 50.2% between 2023 to 2030,” says Landry Fevre, Director of Idem Est Research & Advisory.

The Starlink Company Profile report by Idem Est Research provides comprehensive insights into the current market landscape, future projections, and key factors shaping the industry. For more details, access the full report on the Idem Est Research website.

Idem Est Research and Advisory’s report on the Starlink company Profile market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecommunications industry in the Asia Pacific region.

KEY COMPANIES MENTIONED IN THIS ASIA PACIFIC SATELLITE INTERNET INDUSTRY REPORT:

AST Spacemobile, Eutelsat, Globalstar, Inmarsat, IPStar, Kacific, Kuiper, Lynk, Measat, NBN, OneWeb, SpaceX, Starlink, Viasat

Download the full report: https://idemest.com/reports/starlink-company-profile/

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.

Our independent approach allows us to place the trends and drivers fully into context and analyse the industry from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
To learn more, visit www.idemest.com.

Contact Information:
For media inquiries, please contact:
Landry Fevre
Woonona Rd
Northbridge, NSW 2063
Australia
landry@idemest.com

SOURCE: Idem Est Research & Advisory

This release was published on openPR.

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