NASA flies roughly 3 missions per year. DoD/DoW launches around 12 missions per year. NRO launches around 5 per year. That is a total of around 20 government missions per year. SpaceX launches roughly 150 missions per year, so removing state funding would only take out about 13% of their $18 billion annual revenue. 100 of those launches are Starlink, which gets funded by both commercial, private users, and government users.
You can get infinite Revenue by giving everybody $2 if they give you $1 dollar.
Such a company could proudly claim to have 1 billion sales and $1 billion dollars in revenue whilst not mentioning the “small detail” that they took $1 billion in losses to make those sales - which is pretty much what you’re doing there for SpaceX.
When judging an investment, which is what we’re doing here when talking about their IPO, what maters is profit, not revenue.
That 18 billion in revenue already results in an operating loss of 4 billion a year. So its a little odd to hear you act like “only” losing another 13% is insignificant since it would increase their loss by about 30%.
Also, that is assuming that all launches cost the same, which is probably not the case at all. The NASA launches are likely considerably more costly than Starlink launches.
If you took the state funding out of Space X how much money do they make?
NASA flies roughly 3 missions per year. DoD/DoW launches around 12 missions per year. NRO launches around 5 per year. That is a total of around 20 government missions per year. SpaceX launches roughly 150 missions per year, so removing state funding would only take out about 13% of their $18 billion annual revenue. 100 of those launches are Starlink, which gets funded by both commercial, private users, and government users.
Revenue is not profit. 13% is likely more than their profit margins.
You can get infinite Revenue by giving everybody $2 if they give you $1 dollar.
Such a company could proudly claim to have 1 billion sales and $1 billion dollars in revenue whilst not mentioning the “small detail” that they took $1 billion in losses to make those sales - which is pretty much what you’re doing there for SpaceX.
When judging an investment, which is what we’re doing here when talking about their IPO, what maters is profit, not revenue.
That 18 billion in revenue already results in an operating loss of 4 billion a year. So its a little odd to hear you act like “only” losing another 13% is insignificant since it would increase their loss by about 30%.
Also, that is assuming that all launches cost the same, which is probably not the case at all. The NASA launches are likely considerably more costly than Starlink launches.
NASA launches are very different, not LEOs.