
In 2025, SpaceX’s Starlink-led connectivity business generated $11.4 billion—apparently the first satellite-broadband operation ever to cross $10 billion in annual revenue—and supplied 61 percent of the company’s total sales. More strikingly, it earned $4.4 billion in operating profit while SpaceX’s rocket division lost $657 million, making internet connectivity the financial engine helping bankroll Starship.
SpaceX's 2025 accounts show Starlink-led Connectivity supplied 61% of combined revenue and $4.423 billion of operating income, helping fund Starship's expensive development cycle.














