▲ 854 ▼ SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com) submitted 3 months ago by sanitation@lemmy.today to c/technology@lemmy.world 176 comments fedilink hide all child comments
[+] pennomi@lemmy.world 22 points 3 months ago* (last edited 2 months ago) (6 children) [deleted] permalink fedilink source parent hideshow 6 child comments replies: [–] Lydon_Feen@lemmy.world 19 points 3 months ago* (4 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. permalink fedilink source parent hideshow 4 child comments replies: [+] pennomi@lemmy.world 15 points 3 months ago* (last edited 2 months ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] The_Decryptor@aussie.zone 5 points 3 months ago The best numbers I can find are from 2024, when Starlink made a total of $72 million in profit. Not great numbers though, as the article explains. It only talks about the cost of the end user hardware and providing the service, so the profit is against those expenses. It doesn't factor in the cost of launches and satellites. permalink fedilink source parent [–] Lydon_Feen@lemmy.world 1 point 3 months ago (1 child) Generated 4.1 billion with a profit of how much? And how much money did they get from the US government? permalink fedilink source parent hideshow 1 child comment replies: [–] explodicle@sh.itjust.works 2 points 3 months ago Lockheed Martin gets most of their money from the government and still manages to be profitable. permalink fedilink source parent [–] CompactFlax@discuss.tchncs.de 4 points 3 months 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. permalink fedilink source parent
[–] Lydon_Feen@lemmy.world 19 points 3 months ago* (4 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. permalink fedilink source parent hideshow 4 child comments replies: [+] pennomi@lemmy.world 15 points 3 months ago* (last edited 2 months ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] The_Decryptor@aussie.zone 5 points 3 months ago The best numbers I can find are from 2024, when Starlink made a total of $72 million in profit. Not great numbers though, as the article explains. It only talks about the cost of the end user hardware and providing the service, so the profit is against those expenses. It doesn't factor in the cost of launches and satellites. permalink fedilink source parent [–] Lydon_Feen@lemmy.world 1 point 3 months ago (1 child) Generated 4.1 billion with a profit of how much? And how much money did they get from the US government? permalink fedilink source parent hideshow 1 child comment replies: [–] explodicle@sh.itjust.works 2 points 3 months ago Lockheed Martin gets most of their money from the government and still manages to be profitable. permalink fedilink source parent
[+] pennomi@lemmy.world 15 points 3 months ago* (last edited 2 months ago) (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] The_Decryptor@aussie.zone 5 points 3 months ago The best numbers I can find are from 2024, when Starlink made a total of $72 million in profit. Not great numbers though, as the article explains. It only talks about the cost of the end user hardware and providing the service, so the profit is against those expenses. It doesn't factor in the cost of launches and satellites. permalink fedilink source parent [–] Lydon_Feen@lemmy.world 1 point 3 months ago (1 child) Generated 4.1 billion with a profit of how much? And how much money did they get from the US government? permalink fedilink source parent hideshow 1 child comment replies: [–] explodicle@sh.itjust.works 2 points 3 months ago Lockheed Martin gets most of their money from the government and still manages to be profitable. permalink fedilink source parent
[–] The_Decryptor@aussie.zone 5 points 3 months ago The best numbers I can find are from 2024, when Starlink made a total of $72 million in profit. Not great numbers though, as the article explains. It only talks about the cost of the end user hardware and providing the service, so the profit is against those expenses. It doesn't factor in the cost of launches and satellites. permalink fedilink source parent
[–] Lydon_Feen@lemmy.world 1 point 3 months ago (1 child) Generated 4.1 billion with a profit of how much? And how much money did they get from the US government? permalink fedilink source parent hideshow 1 child comment replies: [–] explodicle@sh.itjust.works 2 points 3 months ago Lockheed Martin gets most of their money from the government and still manages to be profitable. permalink fedilink source parent
[–] explodicle@sh.itjust.works 2 points 3 months ago Lockheed Martin gets most of their money from the government and still manages to be profitable. permalink fedilink source parent
[–] CompactFlax@discuss.tchncs.de 4 points 3 months 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. permalink fedilink source parent