How Spacex Makes Money
Do you know how spacex makes money let’s know about them.. SpaceX is a space technology company primarily focused on manufacturing and launching rockets and spaceships. It was founded by Elon Musk in 2002.
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| How Spacex Makes Money |
It recently raised around $1.16 billion via equity funding with the company now being valued at $74 billion. This is a 60% jump in its valuation from the valuation in August 2020.
Since SpaceX is not a publicly listed company. So, they are not obligate to share their financials with the public. But as many experts, these
2 Sources Major Source that spacex makes money-
1. Government Contracts
Its major revenue source is space delivery services. It has won many NASA contracts to send goods to the ISS or launch a satellite into orbit.
It also has done many projects with American Airforce. It also won a contract to provide 40% of all U.S. military launch requirements in 2020.
2. Starlink
It can be the next revolution in the global internet market. It is a network of satellites aiming to provide high-speed low-cost internet to remote locations.
As of now, they have launched more than 1700 satellites are currently in orbit. The most interesting point is that they are using their own reusable rockets to launch these satellites. It is an unbeatable cost advantage.
Elon Musk expected that it can capture 3% to 4% of the global internet access market soon. He expects that Starlink can bring revenue of over $30 billion per year by 2025.