This is what I wondered too. I think there must be something we are missing. SpaceX has 3,000 employees and tons of capital equipment. They have contracts worth

This is what I wondered too. I think there must be something we are missing. SpaceX has 3,000 employees and tons of capital equipment. They have contracts worth billions of dollars and loads of proprietary technology? I thought they were already profitable? But is that incorrect? It would seem disingenuous to claim that they lowered the price of space travel by 90% if they actually weren't even breaking even? hahahha.