Elon Musk‘s aerospace company SpaceX is reportedly looking into launching new products tied to its Starlink business, which include the possibility of a Starlink-branded smartphone, according to Reuters. While details remain limited, the discussions suggest that SpaceX is beginning to explore consumer hardware more directly instead of just internet terminals and satellites. However, no timeline or formal product plans have been confirmed. That said, this would not be SpaceX’s first step toward mobile connectivity.
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In fact, the company has already partnered with T-Mobile (TMUS) to allow existing smartphones to connect to Starlink satellites, and last year it moved to acquire satellite spectrum from EchoStar (SATS) in a deal valued at $19.6 billion. Elon Musk also recently addressed the idea on X by saying that a Starlink phone is “not out of the question at some point.” However, he emphasized that such a device would be very different from a typical smartphone, and described it as being optimized for maximum performance per watt, especially for running neural networks.
Interestingly, these discussions come as Starlink continues to grow into SpaceX’s most important commercial business. More specifically, it is estimated that SpaceX generated roughly $15–$16 billion in revenue last year, with about $8 billion in profit, and that Starlink made up 50% to 80% of total revenue. In addition, SpaceX now operates more than 9,500 Starlink satellites and serves over 9 million users worldwide.
What Is the Prediction for TSLA Stock?
When it comes to Elon Musk’s companies, most of them are privately held. However, retail investors can invest in his most popular company, Tesla (TSLA). Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 11 Buys, 12 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $393.51 per share implies that shares are trading near fair value.
