Starlink's subscriber growth missed. Its profits didn't.
Source: Business Insider ·
SpaceX's Starlink beat earnings estimates while missing its subscriber growth. The company is looking to become a challenger in the mobile arena.
From the source
Elon Musk's SpaceX is aiming at Verizon, AT&T, and T-Mobile.KEVIN LAMARQUE / POOL / AFP via Getty ImagesStarlink missed on customer growth expectations. It's still making a ton of money for SpaceX.The company is leaning heavily on large customers, like governments.The company acquired a spectrum provider in October. Execs said they're targeting mobile providers.Starlink is SpaceX's big cash cow. And it just reported some mixed results.SpaceX said its satellite-internet service had 13.6 million consumer subscribers at the end of September, up 1.6 million from three months earlier. That fell short of the 14.2 million expected by Bloomberg analysts — though the company said the figure excludes hundreds of thousands of enterprise subscribers and aviation customers.Still, Starlink is making a lot of money. Monthly consumer revenue per user rose 5% from the previous quarter, while enterprise and government revenue jumped 91% from a year earlier to $2.1 billion.A big, important customer?…