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Starlink Hiked Prices. Is It Time to IPO?

TheMotleyFool

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Starlink Hiked Prices. Is It Time to IPO?: https://g.foolcdn.com/editorial/images/785105/long-exposure-photograph-of-a-line-of-recently-deployed-starlink-satellites-in-the-sky.jpg

SpaceX is raising prices, and not just on its space rockets -- but on Starlink satellite internet service, too.

A review of changes to SpaceX's website shows that sometime between May 6 and June 7 of this year, SpaceX raised the price on Falcon 9 rocket rides from $67 million to $69.75 million, a 4.1% increase. At about the same time, subscribers to the company's Starlink broadband internet service noticed some even more significant hikes in the prices they were being asked to pay.

Image source: Getty Images.

Source Fool.com

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