-- Tesla (TSLA) Chief Executive Elon Musk's SpaceX Starlink internet service saw revenue per user falling about 18% to $81 a month between 2023 and 2025, even as the company quadrupled its individual subscribers in that period, The Information reported Wednesday, citing a draft version of initial public offering prospectus.
The fall in average revenue per user is attributed to the introduction of cheaper plans and expansion outside North America, according to the report.
SpaceX further said in the prospectus that average revenue per user is expected to keep falling over the next few years as it continues to expand Starlink globally, according to the news outlet.
The documents revealed that Starlink's revenue surged to $11.4 billion in 2025 from $3.9 billion in 2023, the report added.
SpaceX did not immediately respond to' request for comment.
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