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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 3 months ago by to c/technology@lemmy.world
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[–] 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.

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  • [+] 15 points 3 months ago* (last edited 2 months ago) (3 children)
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  • [–] 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.

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