CNBC is breaking the prospectus down, but a few things jumped out at me right away. First, this bit from Lora Kolodny: The company breaks down its business into three units: Space, Connectivity and AI. Connectivity includes the Starlink satellite internet service, which is sold directly to consumers, as well as to government and military agencies. According to the filing, Starlink generated $3.26 billion in revenue in the latest quarter, accounting for 69% of the total. The company now boasts about 10.3 million Starlink subscribers. Connectivity is also the only profitable part of the company. The space business lost $619 million in the quarter on an operating basis, and AI unit lost $2.5 billion. Connectivity recorded a profit of $1.19 billion. Ashley Capoot has more about how Memphis plays a part in this: Anthropic will pay SpaceX $1.25 billion per month through May 2029 as part of the compute deal the companies announced earlier this month, according to the filing. The AI company…
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