Elon Musk Reveals Starlink Satellite Network Crosses 10,000 As Top Wall Street Bank Predicts Massive $144 Billion Revenue Potential

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

SpaceX CEO Elon Musk on Thursday outlined that the company’s Starlink satellite internet service’s low-Earth-orbit constellation had over 10,000 satellites.

10,000 Satellites In Orbit

Quoting a post by SpaceX on the social media platform X, Musk hailed the Falcon 9 rocket putting another payload of 29 low-Earth-orbit satellites into space. “29 more Starlink satellites. Over 10,000 in orbit now,” the billionaire CEO said in his post.

29 more Starlink satellites.

Over 10,000 in orbit now. https://t.co/QlP4LdWLPf

— Elon Musk (@elonmusk) June 5, 2026

Don’t Miss:

Goldman Sachs Touts Starlink’s Importance

Goldman Sachs Group Inc., which is the lead underwriter for the SpaceX IPO, reportedly discussed potential revenue figures with an investor, according to a report by the Financial Times on Thursday.

The report points towards the Goldman predicting that the commercial space flight company’s AI revenue will surge 100 times to $322 billion by 2030.

The Starlink satellite internet service would account for $144 billion and the rocket division would generate $8.3 billion in revenue. SpaceX’s total revenue could reach over $474 billion by 2030, the report said.

Dean Of Valuation Skips SpaceX IPO

Amid the IPO buzz, NYU Stern Professor Aswath Damodaran, who is also known as the “Dean of Valuation,” said that he will be avoiding taking part in the SpaceX IPO.

The professor, a respected expert on Wall Street, deemed SpaceX’s $28.5 trillion market opportunity as “fantasy,” while also calling the IPO overpriced.

S&P 500 Won’t Amend Rules

Interestingly, the S&P 500 index, which is operated by the S&P Dow Jones Indices, said that it won’t be amending its rules that could have allowed SpaceX a faster entry into the index.

The index had earlier proposed changes to help megacap companies bypass entry rules of the index and gain expedited entry following public debuts.

Image via Shutterstock

Read Next:

Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.

Arrived

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

Vinovest

Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000 — sourcing, storage, and insurance all handled for you.

FarmTogether

Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.

EquityMultiple

For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.

Fundrise

Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.

EnergyX

EnergyX is a clean energy technology company focused on direct lithium extraction and refinery technologies for the lithium-ion battery supply chain. Its proprietary DLE systems are designed to recover lithium from brine resources more efficiently and with less environmental impact, supporting efforts to expand lithium supply for electric vehicles, grid-scale storage, and other battery applications.

American Hartford Gold

American Hartford Gold is a precious metals dealer that helps clients buy physical gold and silver coins and bars, either for direct delivery or within self-directed precious metals IRAs. The company’s services include gold and silver IRAs, IRA rollovers, and home delivery of bullion, giving investors a way to use tangible metals to diversify portfolios and seek protection against inflation and market volatility.

Tags: