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Adjusted EBITDA by Segment
Presents segment-level adjusted EBITDA to reveal underlying profitability and cash generation across launches, Starlink and other units, helping investors see which lines fund growth and how capital-intensive each business is.Connectivity has become the dominant profit engine, more than offsetting a modest, steady erosion in Space and a dramatic swing in AI from positive to deeply negative. The AI plunge likely represents aggressive investment or one‑offs and is the principal short‑term drag on margins; if those costs don’t convert to monetization, they could meaningfully erode cash flow despite Starlink’s momentum. Key risks for investors are the persistence of AI losses and whether management can sustain Connectivity’s growth without further capital intensity.
Date | Space | Connectivity | AI |
|---|---|---|---|
Jun 30, 2026 | -$205.00M | $2.60B | $1.15B |
Mar 31, 2026 | -$351.00M | $2.09B | -$609.00M |
Jun 30, 2025 | -$93.00M | $1.58B | -$276.00M |
Mar 31, 2025 | $224.00M | $1.62B | -$111.00M |