- Elon Musk’s SpaceX has made new pricing changes for residential Starlink customers, according to customer emails reviewed by CNBC.
- Prices will increase for residential users of the satellite internet service in “limited capacity” areas, but will fall for users in “overcapacity” areas, effective April 24.
- SpaceX continues to expand its Starlink network through regular satellite launches and has broadened its product offerings into marine and aerospace.
A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building.
Elon Musk’s SpaceX introduced new pricing for residential Starlink customers based on its ability to provide service, according to customer emails reviewed by CNBC.
The changes, outlined Tuesday, split residential users of the satellite Internet service into “limited capacity” and “overcapacity” areas. Prices will increase by $10 per month to $120 for users in overcapacity areas, while prices will decrease by $20 per month to $90 for users in overcapacity areas. The new pricing will take effect on April 24.
The company also made changes to pricing for its RV customers, increasing the service fee by $15 per month to $150.
The price adjustments come about a year after SpaceX raised prices for products and services across the board, citing “excessive inflation”.
SpaceX continues to expand its Starlink network through regular satellite launches, with nearly 4,000 launched to date. The service reached 1 million subscribers in December and is steadily expanding its product offerings by selling services to residential, business, RV, marine and aviation customers.
Earlier this month, SpaceX leadership announced that Starlink had “positive cash flow” in 2022 as it works to make the company profitable.