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📝 SpaceX Financials
Liam Gill
April 15, 2024
News of the Day
Financial statements from 2018 and 2019 reveal a critical period for SpaceX, marked by significant investments in its Starlink and Starship initiatives despite net losses of -$308 million and -$501 million, respectively. These years featured major launches and a dependency on substantial revenue from U.S. government contracts, particularly with NASA, which constituted a significant portion of its earnings. The shift in accounting methods in 2019 also affected revenue figures, underscoring the company's focus on development costs totaling over $500 million annually. This financial groundwork laid the foundation for SpaceX's ongoing efforts to advance its technological capabilities and expand its Starlink satellite network, essential for the company's future growth and ambitions in space exploration.
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AI agents will fundamentally change the nature of the internet. You won’t have to navigate the internet yourself:
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3:35 PM • Apr 12, 2024
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