SpaceX's internal financials point to Starlink as the primary engine of the company's revenue growth, with the satellite internet division emerging as the dominant commercial contributor to the broader business. The figures underscore a structural shift: what began as a connectivity experiment is now the financial backbone supporting SpaceX's more capital-intensive launch and exploration programs. Starlink's recurring subscription model generates predictable cash flow at scale, insulating SpaceX from the lumpy revenue cycles typical of government launch contracts. That dynamic matters for valuation conversations, as investors and analysts assessing SpaceX's private-market price have historically anchored on launch cadence rather than consumer-facing subscription economics. The near-term question is whether Starlink's subscriber growth and average revenue per user can sustain the trajectory as the division expands into maritime, aviation, and enterprise verticals, each carrying different margin profiles than the residential base.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
