Musk says Starlink revenue could exceed $1 trillion a year as Friedberg argues for near-$1 trillion valuation

Elon Musk expanded his bullish case for Starlink by saying all cars will eventually have the satellite internet service, arguing it is the only way to deliver super high bandwidth to billions of vehicles. The comments followed an X post by Sawyer Merritt showing a Cybercab with Texas plates under testing that appeared to have a flush-mounted Starlink dish on its rear, prompting Mach33 CEO Aaron Burnett to describe the technology as a potential travel game-changer. Musk's remarks add a vehicle-connectivity angle to his broader claim that Starlink's long-term revenue could surpass $1 trillion a year. In a separate response to David Friedberg, Musk said Starlink could eventually carry more than 50% of global internet traffic. He has also said that if the communications market merely doubles, Starlink could capture at least 25% of the market outside China, implying more than $500 billion in annual revenue. Friedberg said Starlink had 12 million subscribers after doubling its user base year over year and generated $4.29 billion in connectivity revenue, up 66% from a year earlier. He estimated the business could ultimately reach $40 billion in annual revenue and about $30 billion in annual free cash flow. SpaceX president Gwynne Shotwell has said Starlink Mobile is expected to begin service at the end of 2027, with access to EchoStar spectrum and more next-generation satellites potentially making its direct-to-phone service 100 times more capable. The latest comments came as more than 900 million SpaceX shares were released into the company's float after the end of an insider lock-up period. A former SpaceX engineer said he was looking forward to selling the stock and criticized its volatility. SpaceX shares were up 0.58% at $133.88 in overnight trading.

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