SpaceX disclosed detailed financials for its Starlink satellite internet service in an S-1 filing for its upcoming IPO.
Starlink reached 10.3 million paid subscribers in the first quarter of 2026. This figure represents a 105% increase from the 5 million subscribers recorded during the same period in 2025.
The Connectivity business segment generated $11.3 billion in revenue throughout 2025. Operating income for this segment rose over 120% year-over-year.
The filing provides the first public look at the division's scale ahead of a potentially historic IPO.