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SpaceX Pays $17B, Loses $9B; Starlink Profits

6/29/2026

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Story summary
  • SpaceX paid $17 billion to Echostar, the parent of Dish Network, for wireless spectrum.
  • SpaceX reported a negative free cash flow of $9.1 billion for 2025, showing the company did not turn a profit overall.
  • Starlink remains the only profitable division within SpaceX.
  • SpaceX is in talks with Charter Communications to acquire cable infrastructure for a potential consumer-facing mobile phone network.
  • T-Mobile’s T-Satellite service uses SpaceX satellites to fill coverage gaps.