
SpaceX's Starlink satellite business, despite being one of the world's most valuable private companies, is reportedly facing financial challenges, with expenses surpassing its revenue. Insights from individuals familiar with the company's finances suggest that the profitability of Starlink is more elusive than investors might believe. This situation is attributed to undisclosed costs and significant investments in ambitious 'moonshot bets'. The accounting practices at SpaceX have been described as more art than science, highlighting the complexity and uncertainty surrounding Starlink's financial health.



With accounting that's "more of an art than a science,” SpaceX’s prized Starlink satellite business is actually burning through more cash than it brings in. https://t.co/r4Jlg0LYKs
Internal pre-Starlink SpaceX financials show big spending on moonshot bets - tip @Techmeme https://t.co/unaUuK2eou
Internal pre-Starlink SpaceX financials show big spending on moonshot bets: https://t.co/KJnQxXMdwW by TechCrunch #infosec #cybersecurity #technology #news