Latest news with #rocketmaker
CNA
5 days ago
- Business
- CNA
SpaceX will record revenue of about $15.5 billion in 2025, Elon Musk says
04 Jun 2025 01:27AM (Updated: 04 Jun 2025 01:31AM) Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector. The company's commercial revenue from space will exceed NASA's budget of roughly $1.1 billion next year, Musk said in a post on X. SpaceX's success is driven largely by its satellite internet service, Starlink, which Musk has said will go public, but has not provided a timeline. In early November 2023, Musk reported that Starlink had achieved breakeven cashflow. Under the Starlink banner, SpaceX has deployed thousands of satellites to deliver broadband internet globally.
Reuters
5 days ago
- Business
- Reuters
SpaceX will record revenue of about $15.5 billion in 2025, Elon Musk says
June 3 (Reuters) - Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said on Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector. The company's commercial revenue from space will exceed NASA's budget of roughly $1.1 billion next year, Musk said in a post on X. SpaceX's success is driven largely by its satellite internet service, Starlink, which Musk has said will go public, but has not provided a timeline. In early November 2023, Musk reported that Starlink had achieved breakeven cashflow. Under the Starlink banner, SpaceX has deployed thousands of satellites to deliver broadband internet globally.
