Monday, July 15, 2024

SpaceX’s Starlink now has 1.3 million residential broadband subscribers in the U.S.

Parks Associates Launches Broadband Market Tracker Showing SpaceX’s Starlink Surpassing HughesNet and Viasat

In a groundbreaking development in the broadband market, Parks Associates has revealed that SpaceX’s Starlink satellite broadband service has already attracted a staggering 1.3 million subscribers in the United States. This data has positioned Starlink ahead of longstanding satellite broadband providers HughesNet and Viasat, making it the 12th largest residential internet service provider in the US market as of Q1 2024.

With Elon Musk’s Starlink service on track to break into the top 10 residential ISPs by the end of 2024, the broadband landscape is experiencing a significant shift. According to Kristen Hanich, research director at Parks Associates, the industry is undergoing notable changes due to regulatory shifts, increased competition from wireless options, and the impact of mergers and acquisitions.

One striking statistic from Parks’ new Broadband Market Tracker is that nearly one fifth of all home broadband subscribers now enjoy speeds of 1 Gbps or faster. This indicates a trend towards faster internet connections among consumers.

The annual research subscription service from Parks analyzes market trends, profiles key players in the US and Canadian residential internet markets, and provides estimates for subscribers and revenues in North America. With the industry evolving rapidly, the advent of Starlink’s success marks a significant milestone in the broadband sector.

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