148 Starship Will Help The Starlink Constellation Achieve Its Potential Starship’s payload capacity to LEO is ~5x that of the Falcon 9. While impressive, given the five-year life of its satellites, Starship still will have to fly every 3.5 days to maintain its target constellation of 42,000 Starlink satellites. As of January 2024, SpaceX has a constellation of ~5,400 satellites. Spacecraft Upmass Falcon 9 Annual UpmassCapability Starship Annual Upmass SpaceX Ex-SpaceX By Launch Cadence Capability By Launch S 1,600 20,000 Cadence T E K 1,400 C RO 15,000 E 1,200 L s B s A Upmass Necessary To Maintain A 42,000 Satellite Constellation S 1,000 and U and s RE s u 10,000 u ho ho 800 T T g g k k 600 ~80% 5,000 400 200 - 3.8 2.5 1 0.5 3.5 - (2023 Cadence) (2024 Goal) 2023e Days Between Launches Days Between Launches Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, including Brycetech 2023a, 2023b, 2023c, and McDowell 2024 as of January 23, 2024, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.