According to Bloomberg, the rocket launch and Starlink business of Elon Musk’s SpaceX company is expected to achieve revenue of about US$9 billion this year and sales are expected to be in 2024. The amount will increase to about US$15 billion.
People familiar with the matter said that as the Starlink business gradually expands into more regions around the world, the business’s sales are expected to surpass the rocket launch business next year, and the project will account for the majority of SpaceX’s revenue by then. SpaceX is expected to earn more than $3 billion this year after excluding some projects, people familiar with the matter said.
It is worth mentioning that SpaceX CEO Elon Musk also said last week that SpaceX’s Starlink business has achieved cash flow breakeven. And he said last year that “Starlink is still losing money” and that his biggest goal for the company is “not to go bankrupt.”
This news is a milestone for SpaceX.
However, there are still few financial details about SpaceX, after all, it is a private company.
According to multiple media reports, SpaceX’s revenue will double to US$4.6 billion in 2022; overall costs will increase by 56% to US$5.2 billion in 2022; first-quarter profit will be US$55 million, with revenue of US$1.5 billion, and the Starlink business alone will be Generating revenue of $1.4 billion in 2022.
Additionally, SpaceX President and COO Gwynne Shotwell said earlier this year that the company had achieved positive quarterly cash flow and expected to be profitable this year.
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