Enlarge / The standard Starlink satellite dish. (credit: Starlink)

You can now buy a Starlink satellite dish for $299 (plus shipping and tax) in 28 US states due to a discount for areas where SpaceX's broadband network has excess capacity.

Starlink had raised its upfront hardware cost from $499 to $599 in March 2022 but cut the standard price back down to $499 this week. In the 28 states where the network has what SpaceX deems excess capacity, a $200 discount is being applied to bring the price down to $299. It's unclear how long the deal will last, though we can assume the number of states eligible for $299 pricing will fall if a lot of people sign up.

"In the United States, new orders in certain regions are eligible for a one-time savings in areas where Starlink has abundant network availability," a support page posted yesterday said. "$200 will be removed from your Starlink kit price when ordering on Starlink.com and if activated after purchasing from a retailer, a $200 credit will be applied. The savings are only available for Residential Standard service in these designated regional savings areas."

Enlarge / A stack of 60 Starlink satellites launched in 2019. (credit: SpaceX / Flickr)

SpaceX began launching operational Starlink satellites five years ago this month. Since then, the company has been rapidly developing its constellation of broadband satellites in low-Earth orbit. SpaceX has now launched about 6,000 satellites with its Falcon 9 rocket and has delivered on its promise to provide fast Internet around the world. Today, the company is the largest satellite operator in the world by a factor of 10.

But is this massive enterprise to deliver Internet from space profitable?

According to a new report by Quilty Space, the answer is yes. Quilty built a model to assess Starlink's profitability. First, the researchers assessed revenue. The firm estimates this will grow to $6.6 billion in 2024, up from essentially zero just four years ago. In addition to rapidly growing its subscriber base of about 3 million, SpaceX has also managed to control costs. Based upon its model, therefore, Quilty estimates that Starlink's free cash flow from the business will be about $600 million this year.