SpaceX is spending $1,500 to make each Starlink terminal but customers will only be charged $499, its president says

Each Starlink terminal used to cost SpaceX $3,000 to make. Now, they've been reduced to $1,500, SpaceX president Gwynne Shotwell said.

View in browser Subscribe Business Insider brings you a personalized selection of our top business stories, every day. Was this email forwarded to you? Sign up for Business Insider here. SpaceX is spending $1,500 to make each Starlink terminal but customers will only be charged $499, its president says Each Starlink terminal used to cost SpaceX $3,000 to make. Now, they've been reduced to $1,500, SpaceX president Gwynne Shotwell said. READ MORE Premium A hedge fund chief who oversees $1.7 billion warns the stock market's 'egregious' valuations being fueled by the flood of government stimulus could see a meltdown later this year — and says inflation will be worse than expected "I think valuations for broad equity markets are egregious — worst that they've ever been, worse than 2000," Mark Yusko told Insider. READ MORE The hottest fashion of the pandemic is the pajama set A golden age for pajamas started last April when sales spiked 143% month-over-month. It stems from "skin hunger" and disrupted "scheduled spend." READ MORE Premium I research and write about scams – but still fell for a dangerous Google Voice one. This is how it works and how to avoid it. With a Google Voice scam, people are tricked into giving their phone numbers and then sending verification codes. Even scams expert Kelly Rissman fell for it. READ MORE The Amazon unionizing battle follows a familiar pattern as union accuses the company of 'illegal and egregious' actions Experts say the Amazon unionizing battle reveals a broken system that makes it harder for workers to organize. READ MORE Premium LinkedIn wants you to add stay-at-home parent to your résumé. But the move could backfire on moms. There are better ways to help mothers return to the workforce, such as providing flexibility and caregiver support, experts say. READ MORE Elon Musk's Neuralink scientists are not the first to get a monkey to control a computer with its mind "Brain-control of computer cursors by monkeys is not new," Professor Andrew Jackson of the University of Newcastle told Insider. READ MORE Premium Klarna is one of the biggest names in buy now, pay later. But cofounder Niklas Adalberth questions the consumerism at the heart of the $31 billion fintech. "Buy now, pay later" spending has surged during the pandemic, propelling fintechs like Klarna. One of its founders doesn't think this is a good thing. READ MORE Premium Confessions of Big Law's burned-out associates: 5 current and former lawyers from firms like Cleary, Davis Polk, and Goodwin detail their nonstop daily work schedules Big Law associates typically have long hours, but the pandemic has more of them feeling burned out. Five of them shared their stories with Insider. READ MORE Premium A VC lays out the 2 strategies he believes have made $95 billion Stripe so wildly successful OpenView partner Sanjiv Kalevar (who has not invested in Stripe either individually or through his firm) praised its "very powerful business model." READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006