🚨BREAKING: Bernstein sees significant long-term growth potential for Starlink, projecting its broadband subscriber base could reach approximately 168 million by 2031.
The firm estimates Starlink could generate around $64 billion in annual consumer and small-business broadband revenue at that scale.
Bernstein has reiterated an “Outperform” rating on SpaceX ($SPCX ) and maintained a $248 price target, while raising its FY2027 earnings estimate. The target implies roughly 67% upside from current levels.
BREAKING: SpaceX ($SPCX ) reached a major milestone Monday as Starship entered Earth orbit for the first time during its 14th test flight, marking another significant step toward the company’s goal of making its largest and most powerful launch vehicle a regular part of its commercial operations.
The mission carried 26 next-generation Starlink V3 satellites, highlighting Starship’s potential role in expanding SpaceX’s satellite network and future launch business.
The milestone comes as SpaceX increasingly relies on Starship as a key part of its long-term launch strategy. Meanwhile, Bernstein sees significant growth ahead for Starlink, projecting around 168 million broadband subscribers by 2031 and approximately $64 billion in annual consumer and small-business broadband revenue.
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