# Starlink: valuation, funding, and the secondary tape

## The short version

- No priced instruments on record yet; milestones only.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | n/a |  | [source](https://www.sec.gov/Archives/edgar/data/1181412/000162828026042466/spaceexplorationtechnologi.htm) |
| Claimed ARR | $11.39B |  | [source](https://www.sec.gov/Archives/edgar/data/1181412/000162828026042466/spaceexplorationtechnologi.htm) |


## Recent milestones

- 2026-06-11 - [Starlink (SpaceX Connectivity segment, per the 424(b)(4)): FY2025 revenue $11,387M with $4,423M income from operations and $7,168M Segment A](https://www.sec.gov/Archives/edgar/data/1181412/000162828026042466/spaceexplorationtechnologi.htm)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*