SpaceX’s Starlink Surpasses 12M Customers Across 160 Countries As Growth Accelerates

• Starlink has surpassed 12 million active users, up from nine million in 2025.
• The company plans to launch third-generation satellites in 2026, boosting downlink and uplink capacity.
• Broader SpaceX projections point to long-term expansion across its businesses, including AI-driven revenue growth and IPO-related developments.

SpaceX’s Starlink satellite internet service has crossed 12 million active customers, covering subscribers across more than 160 countries and territories. The number represents an acceleration from Starlink’s 2025 Progress Report, when the network was serving nine million users.

The company confirmed the milestone through a post on X on June 4, 2026.

Starlink activated more than 35 new markets in 2025 and added over 4.6 million new customers during the year. Its direct-to-cell service also expanded across six continents in 2025, according to its 2025 Progress Report.

SpaceX Targets Major Capacity Jump With Next-Gen Satellites

SpaceX plans to begin launching its third-generation satellites this year, each designed to deliver over 1 terabit per second (1,000+ Gbps) of downlink capacity and more than 200 Gbps of uplink capacity to users on the ground.

The new generation of satellites represents a significant upgrade over the current second-generation satellites, offering over 10 times higher downlink capacity and around 24 times higher uplink capacity.

Goldman Sees AI Becoming SpaceX’s Largest Revenue Driver by 2030

In separate news, a Goldman Sachs forecast cited by the Financial Times said SpaceX’s (SPCX) artificial intelligence business could become its biggest growth driver by 2030. The bank expects AI revenue to surge 388% to $15.6 billion in 2026, then more than double to $34.5 billion in 2027, before accelerating further to as much as $322 billion by 2030.

Goldman also projects SpaceX’s total revenue could rise to $474 billion by 2030, up from $18.7 billion in 2025, which is roughly a 25-fold increase.

Musk To Retain Majority Voting Power Post SpaceX Listing

SpaceX disclosed the pricing terms for its initial public offering (IPO), according to a filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. The company said it plans to raise $75 billion by offering 555.55 million shares at $135 each.

SpaceX took the unusual step of announcing a fixed price ahead of its investor roadshow, rather than waiting until after the marketing process, as is typical for most IPOs.

At this pricing, SpaceX is expected to be valued at about $1.75 trillion. The filing also indicated that Elon Musk would retain about 82.4% of voting power once the company begins trading on the Nasdaq following its debut.

On Stocktwits, retail sentiment around SPCX improved to ‘extremely bullish’ from ‘bullish’ a day ago, with message volumes being ‘extremely high.’ 

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