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SpaceX

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Space Exploration Technologies Corp. is an American spacecraft manufacturer, space launch provider, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk, with the goal of reducing space transportation costs to enable the colonization of Mars.

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17 Aug, 2023

SpaceX profitable: first quarter 2023

Elon MuskFinancial Report0 Comments

Documents reveal that SpaceX turned a small profit during the first quarter of 2023. After two annual losses, the company generated $55 million in profit on $1.5 billion in revenue. (First-quarter results are preliminary, though, while annual results are final.) SpaceX is also valued at roughly $150 billion at an employee stock sale, putting its valuation near those of Intel and Disney.