As the chart shows, Starlink is on track to lose $20 billion this year. These losses largely reflect the struggling xAI division that Musk shotgun merged with Starlink: "SpaceX had a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, compared with a net loss of $528 million on revenue of about $4 billion a year earlier, the filing shows." Not only does the company lack a clear path to profitability given the xAI division, it is giving Musk permanent control through a special class of voting shares. This is poor corporate governance and should never be done. No man is infallible. It is a recipe for financial disaster as Musk's plans are completely unrealistic and unprofitable like a lunar base, a million orbital data centers, and a Mars colony.
