Starship builds a fleet of self-driving robots designed to deliver goods locally within 30 minutes. It is designed using off-the-shelf components, the robots are lightweight and low-cost, enabling the company to bring the current cost of delivery down by 10-15 times per shipment. The company was founded in 2014 and is based in San Francisco, California.
Research containing Starship
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CB Insights Intelligence Analysts have mentioned Starship in 4 CB Insights research briefs, most recently on May 23, 2023.
Latest Starship News
Nov 28, 2023
––% 'Big If True:' Elon Musk Playfully Reacts As Cathie Wood's Ark Sees $10B Market For SpaceX's Starlink, $270B Revenue Opportunity For Starship November 28, 2023 4:06 AM | 2 min read Loading... Loading... Cathie Wood‘s Ark Investment Management announced on Monday that it envisions SpaceX‘s Starlink , the satellite internet venture, having an annual addressable market of about $10 billion in the U.S. alone. Ark’s Take On Starlink: The asset management firm considers Starlink as the most significant near-term opportunity for SpaceX. According to its calculations, serving the approximately 42 million Americans without broadband access, with each household averaging 2.6 individuals and a $50 monthly broadband bill, would make Starlink’s addressable market around $10 billion per year. Ark also notes substantial market potential outside the U.S. due to the sizable population lacking consistent internet access. Overall, Ark anticipates the satellite connectivity market approaching $100 billion annually in the medium term, with Starlink capturing a substantial share. "ARK believes SpaceX has no competitor capable of rocket reusability; All-in, we believe that the satellite connectivity market could approach $100 billion annually over the medium term, and Starlink is well-placed… pic.twitter.com/DH4cUH93hG Other Business Segments: Despite Starlink’s prominence, SpaceX engages in other business segments, including providing launch services through its rockets. Ark emphasizes SpaceX’s dominance in reusability, a factor contributing to lower launch costs that are challenging for competitors to match. If Starship, SpaceX’s future launch vehicle for lunar and Martian missions, achieves full reusability, Ark estimates a significant $270 billion annual revenue opportunity for point-to-point transportation. Loading... Loading... Musk’s Response: SpaceX CEO Elon Musk responded to Ark’s analysis with a humorous “Big if true” comment, accompanied by a laughing emoji. Musk didn’t provide further clarification, leaving room for interpretation. Why It Matters: In September, SpaceX announced on Starlink’s official X handle that the service is available in over 60 countries with more than 2 million active customers. SpaceX has launched approximately 5,000 Starlink satellites into orbit. In early November, Musk revealed that Starlink had achieved breakeven cash flow, sparking speculation about a potential IPO for the segment. SpaceX reported a small profit of $55 millio n in the first quarter of 2023. The space venture is a part of the total ARK Venture Fund. Check out more of Benzinga’s Future Of Mobility coverage by following this link .
Starship Frequently Asked Questions (FAQ)
When was Starship founded?
Starship was founded in 2014.
Where is Starship's headquarters?
Starship's headquarters is located at 535 Mission Street, San Francisco.
What is Starship's latest funding round?
Starship's latest funding round is Series B - II.
How much did Starship raise?
Starship raised a total of $197.56M.
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