SpaceX (barely) turning a profit in 2023 Q1
SpaceX (barely) turning a profit in 2023 Q1
A couple of articles.
"WSJ News Exclusive | A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX" is paywalled.
"CNBC: SpaceX reportedly turned a profit in the first quarter" quoting from the Wall Street Journal, supra.
The Journal reports that SpaceX posted a first-quarter profit of $55 million on revenue of $1.5 billion. For the full year 2022, Elon Musk's rocket company posted a loss of $559 million on revenue of $4.6 billion, the report says. It roughly halved losses while doubling what it brought in during 2021.
SpaceX tallied $5.2 billion in total expenses last year, up from $3.3 billion the year earlier, according to the Journal.
u/tendie_time provided what seems to be a vertaim quotation of the entire article at