Wells Fargo projects Starlink to hit 46.7M users and $51.5B revenue by 2028
XFreeze · x · 2026-09-24
Wells Fargo forecasts Starlink reaching 17M users by end of 2026 and 46.7M by 2028, with revenue growing from $19.1B (2026) to $30.2B (2027) and $51.5B (2028).
With 12M subscribers at the end of Q2, the model implies nearly 4x growth in just over two years. The bank also sees upside from additional sub-1 GHz low-band spectrum that would expand SpaceX beyond traditional satellite broadband — repositioning Starlink as a global communications network with $50B+ annual revenue.
Related event: Wells Fargo Predicts Starlink to Reach 47M Users and $51B Revenue by 2028(2 posts)→
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