this post was submitted on 07 Jun 2026
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SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com)
submitted 4 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] pennomi@lemmy.world 13 points 4 hours ago (2 children)

Starlink is massively profitable, look at their balance sheets. It’s very simple, their users pay them a lot of money to access the internet. Far, far more than the launch costs to maintain the constellation.

Their defense launch business is also profitable, though I haven’t checked how much.

The Starship development and stupid acquisitions (xai) have been a money pit though.

[–] Lydon_Feen@lemmy.world 7 points 4 hours ago* (last edited 4 hours ago) (1 children)

Starlink is the only part of SpaceX operations that turns a profit.

Rocket launches do not, and xAi is a bottomless money pit just like every other AI venture.

[–] pennomi@lemmy.world 10 points 3 hours ago

I don’t think that’s quite true. (Happy to be proven wrong if somebody has better numbers than me.)

From what I can see the launch business generated $4.1 billion, but profits in that segment are negative because the $3 billion in Starship development costs are lumped in to that. The overall loss (-$600 million) would instantly turn into great profit if they decided to give up on Starship.

But for sure, xAi is a nightmare. Absolutely Elon trying to bail himself out again.

[–] CompactFlax@discuss.tchncs.de 1 points 2 hours ago

I don’t think Starlink includes their launch fees, leaving that on SpaceX side of the balance sheet. But I haven’t read details.