Elon Musk Admits: Starlink Is Losing Money
Elon Musk has a problem. He needs his Starlink satellite internet program -- designed to blanket planet Earth in broadband, such that every one of the world's 8 billon inhabitants becomes a potential customer of SpaceX -- to become the growth driver and profit maker for SpaceX for decades to come.
But right now, Starlink is losing money for SpaceX.
A lot of money.
Source Fool.com