US satellite internet provider Hughesnet has filed for Chapter 11 bankruptcy after running low on cash and losing subscribers to Starlink. This comes almost a year after Hughesnet’s parent company, EchoStar, admitted that "SpaceX is the undisputed leader" in the satellite market thanks to Starlink. Hughesnet has lost over half of its subscriber base since Starlink first launched in the US as a beta in late 2020. It’s possible that Hughesnet might try to convert its customers to Starlink through a referral program announced last year. As part of the restructuring, Hughesnet COO Paul Gaske has stepped down from all his executive positions at EchoStar, but will remain as a senior advisor.