SpaceX’s satellite internet service, Starlink, has experienced explosive growth in 2025, positioning the company for a potential $1.5 trillion public listing. According to Cloudflare data, Starlink’s global internet traffic more than doubled this year, reflecting rapid uptake and expanded coverage.
The service now has 8 million active customers, up from 4 million in September 2024 and operates in over 150 markets. Starlink’s constellation of 9,000+ low-orbit satellites delivers high-speed connectivity to remote areas and is increasingly used by commercial airlines, with 23 carriers announcing plans to offer Starlink WiFi on flights. SpaceX has also hinted at launching its own mobile carrier service using the satellite network.
The growth of Starlink is fueling reports of a massive SpaceX IPO, which could see the company valued at US$1.5 trillion, potentially making Elon Musk the world’s first trillionaire. Analysts highlight that Starlink is now the largest revenue driver for SpaceX, surpassing even the company’s reusable rocket operations.
Cloudflare’s analysis shows that traffic surged sharply in the 20+ countries where Starlink launched in 2025, including a 295% increase in Botswana following its August 2024 rollout. Expansion plans continue, with India set to receive Starlink service next year.
Despite emerging competitors like Amazon’s Leo and China’s Spacesail, Starlink maintains a lead with the largest satellite constellation and fastest deployment rate globally.
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