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Search results for Gwynne Shotwell

Telecommunications & Media

Starlink subscriber growth misses expectations but business and government revenue jumps 91 percent

SpaceX\'s satellite internet service Starlink fell short of market expectations for consumer subscriber growth, with 13.6 million consumers as of end-September. Monthly revenue per consumer subscriber rose 5 percent from the prior quarter. Business and government revenue surged 91 percent year on year to $2.1 billion. SpaceX said Starlink equipment was installed on 3,800 aircraft. The company is also moving faster into the mobile communications market through a low-band spectrum deal.

AI & Enterprise

SpaceX to spend up to 53 trillion won on AI infrastructure, says payback under a year

SpaceX is expanding investment in artificial intelligence infrastructure, its third-quarter results show. The company spent $16.4 billion in AI-related capital expenditure and forecast total capital spending of $35 billion to $40 billion this quarter as new computing facilities come online. CFO Bret Johnsen said the new facilities could recoup investment in less than a year at current prices. Third-quarter AI revenue topped estimates and exceeded Starlink revenue for the first time on a quarterly basis.

Industry

SpaceX Starship to try first orbital flight, carrying 26 Starlink V3 satellites

SpaceX’s Starship will attempt to reach Earth orbit for the first time on its 14th test flight, expanding beyond earlier tests focused on launch and flight validation. The mission is expected to lift off from Starbase in Texas during a roughly 75-minute morning window, after U.S. regulators approved the launch and re-entry operations. SpaceX plans to deploy 26 new Starlink V3 satellites, a step tied to Starlink expansion and other planned uses for Starship.