According to Bloomberg, Elon Musk’s SpaceX rocket launch and Starlink business this year is expected to realize about 9 billion U.S. dollars ( currently about RMB 65.7 billion) in revenue, is expected that 2024 sales will increase to 15 billion U.S. dollars (currently about RMB 109.5 billion) or so.
As the Starlink business gradually enters more regions around the world, its sales are expected to surpass those of the rocket-launching business next year, when the program will account for most of SpaceX’s revenue, people familiar with the matter said. Some people familiar with the matter said that SpaceX is expected to realize a profit of more than 3 billion U.S. dollars this year after excluding some of the projects.
It is worth mentioning that SpaceX CEO Elon Musk also said last week that SpaceX’s Starlink business has achieved cash flow break-even. He said last year that “Starlink is still losing money” and that his biggest goal for the company was “not to go bankrupt.
This news is a milestone for SpaceX.
However, there are still very few financial details about SpaceX – it is, after all, an unlisted company.
According to multiple media reports, SpaceX’s revenues are doubling to $4.6 billion in 2022; overall costs are up 56% to $5.2 billion in 2022; it reported a first-quarter profit of $55 million on revenue of $1.5 billion, and that the Starlink business alone is generating $1.4 billion in revenue in 2022.
Additionally, SpaceX President and COO Gwynne Shotwell said earlier this year that the company has been cash-flow positive for the quarter and is expected to be profitable this year.
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