SpaceX IPO filing reveals Starlink doubled paid subscriptions to 10.3 million in Q1 2026, up 105% year-over-year; average revenue per user fell to $66 from $86 despite connectivity business generating $11.3 billion—company posts $4.3 billion quarterly loss.

SpaceX IPO Filing Offers First Glimpse at Starlink Subscriber Numbers, Financials

For the first time, we have hard numbers on Starlink's paid subscriber base: 10.3 million in Q1, though that number doesn’t directly translate to individual customers.The figure is mentioned in SpaceX's S-1 filing, which is required for the company's upcoming IPO. The 10.3 million figure is a 105% increase, double the 5 million Starlink had a year ago. Still, the number is surprising, given that SpaceX said in February that Starlink had crossed 10 million "active customers." However, it never de...