Starlink's Consumer Business Is Booming. This Business Is Growing Even Faster.

Starlink's enterprise and government revenue segment is growing faster than its consumer business, increasing 91% year-over-year compared to consumer growth of 57%. Enterprise and government now represents 41% of connectivity revenue, up from 36% a year earlier. Management suggests this segment could eventually surpass consumer revenue. With 12,000 aircraft under contract but only 3,800 equipped, significant growth opportunities remain. The connectivity segment's operating margin improved from 38% to 45%, potentially benefiting from higher-margin enterprise customers.