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The launch business has been profitable since before 2008. All their work for government is profitable. But of course you can finance Starlink and continue to
by nickik 6y ago
The launch business has been profitable since before 2008. All their work for government is profitable.
But of course you can finance Starlink and continue to be, so that part is VC funded.
And they have not received FCC money yet.
- shaklee3 6y agohttps://www.wsj.com/articles/exclusive-peek-at-spacex-data-shows-loss-in-2015-heavy-expectations-for-nascent-internet-service-1484316455 https://www.wsj.com/articles/exclusive-peek-at-spacex-data-s...
- nickik 6y agoI can't read WSJ. This article is from 2017, since then they have done a lot better.
- shaklee3 6y agoYou asserted they had been profitable since 2008, and this article was almost a decade later (and forward-looking). They are not profitable (enough) with launches.
- nickik 6y agoI have said they are profitable, not by how much. Of course they are not profitable 'enough' to do what they want to do in terms of Starlink and Mars. SpaceX always reinvested every penny into development and they have done so for a long time.
- shaklee3 6y agoThey are not profitable. They have funding rounds from VCs, and in the future FCC money for RDOF. VC money does not make you profitable.