Wells Fargo is projecting Starlink to reach nearly 47 MILLION users by 2028 Their latest forecast: • 17M users by the end of 2026 • 46.7M users by 2028 And the revenue growth is just as wild: • 2026 → $19.1B • 2027 → $30.2B • 2028 → $51.5B Starlink had 12M subscribers at the end of Q2 So Wells Fargo is basically modeling the network growing to nearly 4× that size in just over two years And there is another huge piece to this... Wells Fargo sees even more upside from additional low-band spectrum below 1 GHz, which would expand what SpaceX can do beyond traditional satellite broadband Starlink started by connecting places traditional internet struggled to reach Now analysts are modeling it as a global communications network with nearly 47M users and $50B+ in annual revenue The scale Starlink is heading toward is insane