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Starlink revenue

SpaceX Connectivity revenue, Starlink subscribers and ARPU. No official regional split. The five-year regional view is a fan sketch.

  • Official$5,248 millionConnectivity, Q3 2026Operating income $2,367 million, 45% margin
  • Official13.6 millionConsumer subscribersARPU $69
  • Official22 millionStarlink Mobile users174 markets
  • Official$11,387 millionFY2025 ConnectivityOperating income $4,423 million
Connectivity revenue, USD millions.Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Connectivity revenue, USD millions.
PeriodUSD millionsLabel
Q1 20252,474Derived
Q2 20252,588Official
Q3 20253,097Official
Q4 20253,228Derived
Q1 20263,257Official
Q2 20264,291Official
Q3 20265,248Official

Consumer connectivity, USD millions. Missing quarters were not disclosed.Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Consumer connectivity, USD millions. Missing quarters were not disclosed.
PeriodUSD millionsLabel
Q2 20251,721Official
Q3 20251,986Official
Q1 20262,148Official
Q2 20262,485Official
Q3 20263,121Official

Enterprise and government, USD millions. Missing quarters were not disclosed.Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Enterprise and government, USD millions. Missing quarters were not disclosed.
PeriodUSD millionsLabel
Q2 2025867Official
Q3 20251,111Official
Q1 20261,109Official
Q2 20261,806Official
Q3 20262,127Official

Starlink consumer subscribers (millions) and ARPU (USD). Not disclosed where the filing omits them.
PeriodSubscribers, millionsARPU, USD
Q1 2025Not disclosedNot disclosed
Q2 2025685
Q3 20257.283
Q4 2025Not disclosedNot disclosed
Q1 202610.366
Q2 20261266
Q3 202613.669

The S-1 says Starlink ARPU is expected to keep falling for the next few years as the share of subscribers outside North America grows. That is management commentary, not a numeric guide. More than 9,600 broadband and mobile satellites, as of the S-1 (31 Mar 2026).

Third-party estimates

Third-party Deutsche Bank, via Ava Advisor, end of Sep 2026: 13.5 million subscribers, of which North America 5.5 million (41%), across 205 countries. That 41% is a subscriber share, and the button in the sketch only copies it onto one slider.

Third-party Idem Est, Dec 2025: North America 3.678 million, Europe 0.747 million. Unverified snippet of a paywalled report. Not used in any chart total.

Third-party Quilty Space, 2026-03-20: year-end 2026 subscribers 16.8 million, 2026 revenue $20 billion, consumer $11.3 billion, EBITDA $14 billion, Starshield $3.2 billion, maritime $1.94 billion, enterprise $1.68 billion. Quilty's revenue definition may differ from SpaceX's Connectivity segment, for example on Starshield. This is not a SpaceX figure and it is not this site's fan sketch.

Fan sketch of Connectivity revenue. SpaceX publishes no regional split. Unallocated stays unallocated until you move a slider. The Deutsche Bank button only copies their reported North America subscriber share onto the first fan year. It is not a revenue split.

Fan Connectivity revenue from FY2025 Connectivity, official20262027202820292030
Fan Connectivity revenue from FY2025 Connectivity, official
PeriodUSD millionsLabel
202611,387Fan estimate
202711,387Fan estimate
202811,387Fan estimate
202911,387Fan estimate
203011,387Fan estimate

First fan year split of $11.39 billion. Shares that sum past 100% are scaled down.
RegionUSD millions
North America0
Europe0
Asia-Pacific0
Latin America0
Africa and Middle East0
Other markets0
Not allocated11,387

Sources

Figures checked 2026-10-27. Filings stay official. Arithmetic on them is marked derived. Outside estimates are marked third-party. Sketches are fan estimates, not company guidance.