Typo: I'm sure you meant >1T.

>ARPU: $99/month in 2023, $81 in 2025, $66 in Q1 2026

Oof, are they already on diminishing returns phase?

While I don't think the financials are bad, I agree, this is definitely not a 1T company (but the market can stay irrational ...).

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tristanj 3 hours ago | parent | next [-]

Starlink is giving away the satellite dishes for free to grow customers. These dishes are expensive to manufacture and cost the company hundreds of dollars each. The estimated manufacturing cost of a Starlink standard dish is around $400.

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wmf 3 hours ago | parent | next [-]

That shouldn't be included in ARPU.

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fragmede 3 hours ago | parent | prev [-]

Which is a fine thing to say, but CAC vs LTV (customer acquisition cost vs lifetime value of the customer) is the underlying equation. If it costs them $150 to give away a dish, but they get, say, $300 before the user churns, they still come out ahead.

	▲	golem14 35 minutes ago \| parent [-]
		By making a lot of antennae, they also lower their price in the future due to the learning curve.

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boelboel 3 hours ago | parent | prev | next [-]

They've been upping the subscription prices recently past few months.

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4 hours ago | parent | prev [-]

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