SpaceX's Starlink Surpasses 9 Million Users Globally Across 155 Countries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Yahoo Finance
- User Growth Milestone: Starlink announced it has surpassed 9 million users globally, covering 155 countries and territories, demonstrating strong demand and rapid expansion in the global market, which further solidifies SpaceX's leadership in the satellite internet sector.
- Technical Challenges: Elon Musk emphasized the complexities of rebuilding the internet in space, and despite facing technical challenges, Starlink continues to enhance service quality and user experience, which is expected to drive future user growth and market share.
- Future Development Potential: SpaceX's filing for the 'STARLINK MOBILE' trademark hints at a potential entry into the mobile communications market, and with partnerships with T-Mobile and Kyivstar, it is anticipated to offer broader services, further expanding its business horizons.
- Satellite Failure Response: Although Starlink recently experienced a satellite failure that caused communication disruption and generated some debris, the company plans to have the satellite reenter Earth within weeks, showcasing its capabilities in crisis management and technical recovery.
TSLA
$485.4+Infinity%1D
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 384.14 USD with a low forecast of 19.05 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
14 Buy
10 Hold
10 Sell
Hold
Current: 485.560
Low
19.05
Averages
384.14
High
600.00
Current: 485.560
Low
19.05
Averages
384.14
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





