Comment by adastra22
18 hours ago
Is SX running out of money? They will be if they keep doing this, but I was under the impression they were still insanely profitable.
18 hours ago
Is SX running out of money? They will be if they keep doing this, but I was under the impression they were still insanely profitable.
Really hard to know - as the numbers are not public, it's all guestimates.
Musk said in late 2023 that they achieved 'breakeven cash flow', but Bloomberg reported that they were actually loosing money on ground terminals.
It's also a lot of accounting game - Starlink satellites have a really short lifespan and will need to be replaced on a regular basis. SpaceX being a private company, there is no way to know how they account for that.
As for launches - most of their launches are for... themselves (Starlink) and quite a lot of the rest is for government / military - which are partly classified.
A few years ago, Musk said that if Starship isn't putting next generation Starlink satellites into orbit, SpaceX will go bankrupt.
5G FWA is eating away at the edges of Starlink's TAM, which makes delays even more expensive.