A study from Dr Tim Farrar’s TMF Associates talks of Starlink’s “amazing revenue growth” in the context of a satellite industry that does not grow fast. “In fact,” Farrar said, “Starlink’s near $2 billion of international broadband service revenues reported in 2024 compares to about $3 billion for all other satellite operators combined, a roughly […]
Researcher and industry consultant Dr Tim Farrar, of TMF Associates, has predicted that SpaceX’s Starlink broadband-by-satellite system is likely to end this year with around 5 million customers (although he stresses that they must not be termed as ‘subscribers’), and that during 2025 these would grow to around 8 million. Back in 2021 Elon Musk […]
SpaceX has told the FCC that it now has “more than 1.4 million” Starlink customers in the US, its largest market. In December 2023 it had claimed 1.3 million customers in the US. “Clearly, growth has slowed in the US, even while accelerating in other countries,” commented specialist satellite consultant Tim Farrar of TMF Associates. […]
Analyst Tim Farrar of TMF Associates says that Elon Musk’s Starlink system will dominate satellite broadband “for at least the next five years”. Farrar adds that Musk is also dominating the launch business with his Falcon 9 rockets. His comments follow on from SpaceX’s comments to investors that it expects its overall (rocket launches plus […]
A report from TMF Associates and CEO Tim Farrar is blunt, and rare amongst analysts in admitting he has now changed his mind about SpaceX’s prospects. Until 2020, TMF was sceptical about any of the many LEO broadband-by-satellite operations. TMF’s analysis was justified in that LeoSat failed in late 2019, OneWeb hit bankruptcy in March […]
Tim Farrar of TMF Associates says the recent “breathless” valuations for SpaceX (ranging from between $80 billion to $100 billion) are inconsistent. He says the quoted company valuations have near-tripled over the past year, and with SpaceX’s share price – albeit privately held – rising from about $200 per share to $560 over the same […]