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SpaceX executives have stated several times that their company is profitable. But, when SpaceX was trying to do a $750M debt raise just last month, their inter

SpaceX executives have stated several times that their company is profitable. But, when SpaceX was trying to do a $750M debt raise just last month, their internal financials were divulged: https://www.bloomberg.com/news/articles/2018-11-08/musk-said-to-divide-wall-street-with-demands-for-new-spacex-loan https://www.bloomberg.com/news/articles/2018-11-08/musk-said.... It's a company running in the red. Unfortunately EBITDA is still negative (much less earnings). The jury is still out on whether or not SpaceX's approach is in fact commercially viable.

elteto 8y ago
Negative _including_ R&D. If SpaceX was to turn around tomorrow and stop pursuing the Mars goal they would probably be in the black within a year: the Falcon platform is completed, Falcon Heavy already flew and block 5 is optimized for quick reusability. But, SpaceX is dead serious about going to Mars and Musk will use the profits generated from the stable part of the business to fund that objective. That is part of the reason why he says he will not take SpaceX public until it gets to Mars.