SpaceX ownership structure and Starlink's regional growth

Starlink operates as a core business segment within SpaceX rather than as an independent company. As of June 2026, Elon Musk maintains significant control over SpaceX, holding approximately 82% to 84.4% of the voting power. Other major stakeholders include Alphabet and various public shareholders following SpaceX's listing on the Nasdaq.

In Norway, the subsidiary Starlink Norway reported significant growth, with revenues rising to approximately 831.4 million NOK in 2025, up from 553 million NOK in 2024. The company recorded an operating profit of 45.7 million NOK and a net profit of 12.8 million NOK. The majority of these revenues are derived from internet services provided to both businesses and households.

Globally, Starlink reported 12 million subscribers as of June 30, 2026, supported by a constellation of over 11,000 satellites. The business includes broadband services, Starshield for government customers, and Starlink Mobile.