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SpaceX adjusts monthly Starlink pricing for residential customers

by SuperiorInvest

A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building.

SpaceX

Elon Musk SpaceX has implemented new pricing for residential Starlink customers based on the company’s capacity to provide service, according to emails to customers reviewed by CNBC.

The changes, which were outlined on Tuesday, divide home users of its satellite internet service into “limited capacity” and “overcapacity” areas. Prices will increase by $10 per month to $120 for users in limited capacity areas, while prices will drop by $20 per month to $90 for overcapacity users. The new prices will take effect on April 24.

The company also made pricing changes for its RV customers, raising the cost of the service by $15 per month to $150.

Price adjustments come about a year later SpaceX has raised prices across the board for products and services, citing “excessive rates of inflation”.

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SpaceX continues to expand its Starlink network through regular satellite launches, with nearly 4,000 launched to date. Its service reached 1 million subscribers in December and continues to expand its product offering, selling services to residential, commercial, RV, marine and aerospace customers.

This was announced by SpaceX management earlier this month Starlink “had a positive cash flow quarter” in 2022 how it works to make the business profitable.

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