SpaceX has been selling Starlink dishes at loss despite $499 price tag

The satellite dish SpaceX has been shipping to Starlink customers is actually worth far more than the $499 it’s charging its customers.

On Tuesday, SpaceX President Gwynne Shotwell revealed at a satellite industry forum that the company has been selling the satellite dish to subscribers at a sizable loss. It initially cost the company $3,000 to produce each satellite dish, according to CNBC.

Michael Kan for PCMag