FILE PHOTO: SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo
(Reuters) -SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved break even cash flow.
"Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year," Musk said in a post on social media platform X.
Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by Musk, the Wall Street Journal reported in September, citing documents.
SpaceX is valued at about $150 billion and is one of the most valuable private companies in the world.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)
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