Starlink has reached 5 million customers, surpassing satellite communication leaders, according to Forbes. This growth helped boost SpaceX’s valuation to $350 billion, making it the world’s most valuable private company. Some experts warn that Starlink's future growth might not support this valuation due to technical limitations and high prices. Competing services, like Amazon’s Kuiper, also pose a challenge. Bell Canada has also pushed for Starlink to be excluded from receiving government subsidies. SpaceX President Gwynne Shotwell remains optimistic about Starship's potential, despite the hurdles facing Starlink.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Starlink has reached 5 million customers,
00:04surpassing satellite communication leaders, according to Forbes.
00:07This growth helped boost SpaceX's valuation to $350 billion,
00:11making it the world's most valuable private company.
00:13Some experts warn that Starlink's future growth
00:16might not support this valuation due to technical limitations at high prices.
00:20Competing services like Amazon's QPR also pose a challenge.
00:24Valve Canada has also pushed for Starlink to be excluded
00:27from receiving government subsidies.
00:28SpaceX President Gwynne Shotwell remains optimistic about Starship's potential
00:33despite the hurdles facing Starlink.
00:36For all things money, visit Benzinga.com slash GSTV.