The business is owned by Elon Musk Photograph: Michael Gonzalez/Getty ImagesPretax profits at the Irish arm of Elon Musk’s Starlink satellite firm last year almost doubled to $13.87 million (€11.97 million). New accounts filed by the Dublin 2 registered Starlink Internet Services Ltd show that profits increased as revenues surged by 94 per cent to $693.79 million last year. The directors state that turnover rose significantly “driven by a substantial increase in sales to both residential and enterprise customers”. The Dublin-based unit is principally involved in the sale of broadband internet and telecommunication services and the business provides Starlink internet in various countries outside the US. The profits at Starlink Internet Services Ltd take account of intercompany costs of $630.38 million and non-cash depreciation costs of $9.32 million.
