Starlink deep-dive with subscriber forecasts and a pre-IPO DCF valuation as public market interest in SpaceX accelerates
Sydney, Australia | 10 February 2026
Idem Est Research & Advisory today announced the release of the Starlink Deep-Dive Company Profile 2026, a new research product designed for telecom operators, infrastructure investors and analysts tracking Starlink’s rapid expansion, competitive dynamics and long term financial trajectory.
The launch comes amid heightened public market interest in SpaceX and Starlink, with SpaceX weighing a potential mid-2026 public listing, and that Starlink remains a key driver of SpaceX’s revenue and strategic roadmap.
A client ready Starlink pre IPO pack
The Starlink Deep-Dive Company Profile 2026 is available as a standalone report or as a pre IPO pack bundled with a Starlink DCF valuation model and a Starlink subscriber tracker. Packages are offered through the Idem Est Research online store, with pricing ranging from AUD 2,188 to AUD 5,688 (with currency options including USD, EUR and GBP).
The report is the 4th edition, spans 72 pages, and is published under a single user PDF license.
Key highlights from the 2026 edition
Based on Idem Est Research estimates and modelling, the report provides:
Constellation scale and launch cadence: Over 11,000 Starlink satellites launched toward an initial target of 12,000, with 2024 and 2025 launch rates cited at 165 and 152 satellites per month, respectively.
Subscribers and revenue: Over 9.4 million global subscribers as of January 2026, with estimated 2025 revenues exceeding USD 11.6 billion, plus detailed subscriber breakdowns by country and region.
Reach: Starlink availability to roughly 3.2 billion people, with rapid expansion across North America, Asia Pacific and other growth markets.
Forecasts and valuation: Forecasts to 2040 including revenue, capex and enterprise value, with Idem Est Research’s base case enterprise value estimate above USD 313 billion.
Regional subscriber mix: Estimated Starlink subscribers reaching 8.9m by December 2025, including 1.6m in Asia and 619k in Oceania, with country level detail included.
Coverage areas and competitive context
The report includes Starlink’s strategy and rollout roadmap, plus competitor profiles and market context across satellite broadband and 5G non terrestrial networks (NTN). Coverage includes Starlink, Amazon’s Project Kuiper, Eutelsat OneWeb, AST SpaceMobile, Lynk and China’s GuoWang constellation, as well as a broader review of satellite competitive dynamics and regulatory considerations.
It also examines the growing convergence between satellite networks and 5G, including direct to cell or direct to device services and the broader 5G NTN standardisation pathway.
Comment from the author
“Starlink is no longer just a satellite broadband disruptor. It is becoming a foundational layer of global connectivity that intersects with telecom strategy, national regulation and capital markets,” said Landry Fevre, author of the report. “This 2026 edition is built to help decision makers quantify Starlink’s scale, understand competitive risks, and stress test valuation assumptions with a transparent, investment grade DCF framework.”
Availability
The Starlink Deep Dive Company Profile 2026 is available now via the Idem Est Research online shop, with optional bundles that include the Starlink subscriber tracker and DCF valuation model.
Disclaimer: This publication is independent research provided for informational purposes only and does not constitute investment advice or a solicitation to buy or sell securities.
Landry Fevre
Idem Est Research & Advisory
Woonona Rd Northbridge, NSW 2063, Australia
Email: landry@idemest.com
Phone: +61 414 164 100
About Idem Est Research & Advisory
Idem Est Research & Advisory is a boutique TMT research and advisory firm with 25+ years’ experience specialising in Asia Pacific telecommunications and digital infrastructure research
This release was published on openPR.
