Revenues for SpaceX derived from contracts with the National Aeronautics and Space Administration (NASA) accounted for merely 5% of the company’s total income this year; the overwhelming majority is generated by the deployment of Starlink satellites.
SpaceX founder and billionaire Elon Musk shared this information on his social media platform, X (formerly known as Twitter).
“I cherish NASA, but this year they will represent approximately just 5% of SpaceX’s revenue. The massive bulk of SpaceX earnings stems from the commercial Starlink network,” the businessman stated.
Since its inception in 2002, SpaceX has maintained its status as a privately held entity, meaning its audited financial figures have never been made public. Last summer, Musk put forward the idea of conducting an Initial Public Offering (IPO) for SpaceX, aiming to secure $50 billion with a valuation set at $1.5 trillion, which would establish it as the largest IPO in history.
Last week, Musk consolidated the xAI and SpaceX entities. Reports from Bloomberg and The Wall Street Journal, citing insider sources, indicated that the combined market capitalization of these merged companies reached $1.25 trillion.
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