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SpaceX is spending $1,500 to make each Starlink terminal but customers will only be charged $499, its president says

Added 04-10-21 05:14:06am EST - “Each Starlink terminal used to cost SpaceX $3,000 to make. Now, they've been reduced to $1,500, SpaceX president Gwynne Shotwell said.” - Businessinsider.com

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Posted By TheNewsCommenter: From Businessinsider.com: “SpaceX is spending $1,500 to make each Starlink terminal but customers will only be charged $499, its president says”. Below is an excerpt from the article.

SpaceX president Gwynne Shotwell on Tuesday said the aerospace company has reduced the cost of each Starlink terminal from $3,000 to $1,500 each.

Starlink customers have to pay $499 for the kit, which includes the user terminal —also known as "dishy" — indicating that SpaceX is covering the remaining cost of $1,000 for each one it produces.

SpaceX didn't immediately respond to Insider's request for comment but industry experts told Insider in December it's not possible for the company to make each terminal for under $500. They said it could actually cost SpaceX nearly $2,000 on each one.

Shotwell confirmed on Tuesday during a virtual panel discussion for the Satellite 2021 LEO Digital Forum that the company had to pay $3,000 for each terminal, before reducing the price to $1,500. 

$499 Starlink kit displayed in box. Courtesy of Alex Lockie

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