The number of monthly users for Starlink satellite internet more than doubled during the first quarter, coinciding with the anticipated initial public offering (IPO) of its parent company, SpaceX, slated for the summer, according to insights from analytics firm Apptopia.
“SpaceX is expected to go public this summer with a valuation reportedly exceeding $1 trillion, and Starlink is the key driver intended to justify a substantial portion of that figure,” the report stated.
Data from Apptopia indicates that the count of monthly active users (MAU) saw an increase of over a hundred percent in the previous quarter. Furthermore, global downloads of the Starlink application surged by 109% year-over-year in the first quarter, reaching 2.8 million. For the entirety of last year, the figure stood at 7.9 million downloads, representing an 84% leap over the 2024 total.
Specifically, the analytics company highlighted massive growth in certain regions. In Brazil, the MAU figure leaped by approximately 450% year-over-year in the first quarter, with the country now accounting for 13% of Starlink’s worldwide user base. In the United States, MAU climbed by 223%, encompassing roughly 37% of the network’s total subscribers.
Earlier reports from the Bloomberg agency, citing internal sources, suggested that SpaceX intended to raise over $70 billion through its IPO. This would peg the company’s market valuation, according to the agency’s calculations, at $1.75 trillion. Subsequently, the agency reported that the company was aiming for an even higher valuation, surpassing $2 trillion. Additionally, based on their information, SpaceX had already submitted the confidential paperwork necessary to proceed with the IPO.
Starlink is a satellite constellation operated by SpaceX, the aerospace company founded by American entrepreneur Elon Musk, designed to deliver high-speed internet access universally across the globe. As of now, more than 7,800 satellites have been deployed into orbit since 2019, and the user count has surpassed six million across more than 100 nations. Notably, 42 new countries integrated into the network over the past year, according to company figures.
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