Wells Fargo is projecting Starlink to reach nearly 47 MILLION users by 2028
Their latest forecast:
• 17M users by the end of 2026
• 46.7M users by 2028
And the revenue growth is just as wild:
• 2026 → $19.1B
• 2027 → $30.2B
• 2028 → $51.5B
Starlink had 12M subscribers at the end of Q2
So Wells Fargo is basically modeling the network growing to nearly 4× that size in just over two years
And there is another huge piece to this...
Wells Fargo sees even more upside from additional low-band spectrum below 1 GHz, which would expand what SpaceX can do beyond traditional satellite broadband
Starlink started by connecting places traditional internet struggled to reach
Now analysts are modeling it as a global communications network with nearly 47M users and $50B+ in annual revenue
The scale Starlink is heading toward is insane
Their latest forecast:
• 17M users by the end of 2026
• 46.7M users by 2028
And the revenue growth is just as wild:
• 2026 → $19.1B
• 2027 → $30.2B
• 2028 → $51.5B
Starlink had 12M subscribers at the end of Q2
So Wells Fargo is basically modeling the network growing to nearly 4× that size in just over two years
And there is another huge piece to this...
Wells Fargo sees even more upside from additional low-band spectrum below 1 GHz, which would expand what SpaceX can do beyond traditional satellite broadband
Starlink started by connecting places traditional internet struggled to reach
Now analysts are modeling it as a global communications network with nearly 47M users and $50B+ in annual revenue
The scale Starlink is heading toward is insane
