SpaceX adjusts monthly Starlink pricing for residential customers

Elon Musk’s SpaceX has introduced new pricing to Starlink residential customers based on its ability to provide the service, according to customer emails reviewed by CNBC.

The changes, outlined on Tuesday, divide resident users of the satellite internet service into areas with “limited capacity” and “excess capacity.” Prices will increase by $10 per month, to $120, for users in areas with limited capacity, while prices will decrease by $20 per month, to $90, for those in areas with excess capacity. The new price will take effect on April 24.

The company also made pricing changes for RV customers, increasing the cost of the service by $15 per month to $150.

The price adjustments come about a year after SpaceX hiked prices across the board for products and services, citing “excessive levels of inflation.”

SpaceX continues to expand its Starlink network with regular satellite launches, with nearly 4,000 launches to date. Its service reached 1 million subscribers in December and it’s been steadily expanding its product offerings – selling services to residential, commercial, RV, and marine and air customers.

Earlier this month, SpaceX leadership announced that Starlink “had a positive cash flow quarter” in 2022 as it works to make the business profitable.