Space Exploration Technologies Corp., commonly known as SpaceX, has disclosed significant financial achievements for the last fiscal year, revealing profits near $8 billion generated from an estimated $15 billion to $16 billion in revenue. These earnings figures, which have not been previously accessible to the public, were made known through sources acquainted with the company’s financial data. SpaceX’s management has not provided comment on these details so far.
The reported earnings are measured before interest, taxes, depreciation, and amortization (EBITDA), a standard metric for assessing operational profitability. This robust performance underscores the company's solid financial foundation as it prepares for a potential initial public offering projected to be the most substantial in history.
Financial institutions evaluating SpaceX's financial footprint now project that the company could secure upwards of $50 billion in capital through the IPO, accompanied by a market valuation exceeding $1.5 trillion. Speculation surrounds a launch timeframe that approaches Elon Musk's 55th birthday on June 28, marking a symbolic milestone for the entrepreneur who leads the aerospace firm.
Starlink, SpaceX’s satellite-based internet service, remains the primary contributor to its revenue—accounting for an estimated 50% to 80% of total income. Since its inception in 2019, Starlink has seen the deployment of approximately 9,500 satellites and now claims the largest satellite constellation worldwide, providing broadband service to over 9 million users globally.
Further expanding its connectivity capabilities, SpaceX acquired $19 billion worth of wireless spectrum rights from EchoStar Corporation. This acquisition is intended to bolster its direct-to-device communication technology, broadening the scope and quality of its satellite internet offerings.
Additional revenue streams arise from government contracts, notably those supporting Starlink’s deployment alongside the development of the Starshield network, which serves military-grade communication needs.
In parallel with its IPO preparations, SpaceX is also engaged in discussions regarding a potential merger with xAI, another company affiliated with Elon Musk specializing in artificial intelligence. This strategic consideration aligns with broader speculation about possible consolidations involving Tesla Inc., another prominent Musk-led enterprise. Nonetheless, no official announcements have confirmed any merger proceedings at this stage.
As SpaceX advances toward its potentially record-setting public market debut, the company's financial disclosures and strategic maneuvers highlight an ambitious trajectory in aerospace, satellite internet services, and broader technology integrations, signaling a transformative period for Musk’s space exploration venture.