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星链用户数从67万增长至1030万，四年增长超14倍

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所属报告：

国防军工行业深度研究：商业航天系列（二）中国火箭首次实现一子级可控回收卫星互联网时代有望加速到来-260715（23页）.pdf

打包全文图表

2021年1月至2024年7月，星链全球订阅用户数量从67万增长至1,030万，四年间增长超14倍。2022年7月用户数突破100万，2024年7月突破1,000万大关。用户增长在2022年下半年开始加速，从100万快速增长至200万，此后保持高斜率上升态势。数据来源：中国新闻周刊公众号，腾讯科技，经济观察报，国海证券研究所

星链全球订阅用户数量月度增长趋势（2021-2024年）
时间	用户数（万）	时间	用户数（万）
2021-01	67	2023-01	220
2021-08	89	2023-03	286
2021-11	14	2023-05	314
2022-01	15	2023-07	378
2022-03	25	2023-09	460
2022-05	40	2023-11	538
2022-07	100	2024-01	611
2022-09	150	2024-03	708
2022-11	200	2024-05	800
		2024-07	1,030

数据来源：中国新闻周刊公众号，腾讯科技，经济观察报，国海证券研究所

从星链全球订阅用户数量增长趋势来看，可以提炼出三个关键判断：
用户增长呈加速态势。从2021年1月67万到2022年7月100万用时约18个月，但从100万增长到2024年7月的1,030万仅用时约24个月。尤其是在2023年下半年，用户从378万跃升至538万（+160万），2024年前7个月从611万增长至1,030万（+419万），增长斜率持续抬升。
2024年7月突破千万大关。 2024年7月用户数达1,030万，较2024年5月的800万单月净增约230万，呈现加速突破态势。截至2026年3月31日，星链已拥有约1,030万订阅用户（据经济观察报转引SpaceX招股书数据），服务覆盖164个国家和地区。
用户增长驱动盈利验证。星链用户数的持续高速增长，是SpaceX连接业务实现盈利的核心驱动力。2024年SpaceX首次实现年度盈利7.91亿美元，2025年连接板块来自企业和政府客户的收入同比增长约14.1亿美元，用户规模的扩大为星链构建了可持续的商业模式。