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Why This Matters for IPO Investors
Recurring revenue. Unlike one-off rocket launches, Starlink generates monthly subscription income from millions of customers. That's the kind of predictable cash flow that Wall Street values at premium multiples.
Massive addressable market. 3 billion people still lack reliable internet. Airlines, cruise ships, and the military are paying premium rates for Starlink connectivity.
IPO catalyst. Musk has confirmed plans for a Starlink IPO once revenue is "reasonably predictable." At $6.6B and growing 40%/year, that moment is approaching fast.
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