Apr 10, 10:47 AM

SpaceX to Dominate 2024 Space Launch Market with 90% Share, Starlink Drives 60% Revenue, Profitability Concerns Arise

SpaceX is set to dominate the space launch market in 2024, with an estimated 90% of mass sent into orbit coming from the company. Morgan Stanley predicts Starlink will drive SpaceX's growth, accounting for about 60% of revenue. However, reports suggest that SpaceX's satellite business, particularly Starlink, is not yet profitable and is burning through cash.

#SpaceX #Morgan Stanley #Starlink

Written with ChatGPT (GPT-3).

Sources

Bill Bishop@niubi
2 years ago
SpaceX likes to say Starlink is in 'profitable territory.' People familiar with the company's financials say it's not so simple. https://t.co/9iRmBff7TT via @business
Ed Ludlow@EdLudlow
2 years ago
Is Starlink profitable? Or do undisclosed costs undercut Musk's profitability claims? Deepdive on Starlink with @lorengrush and @kielporter https://t.co/JDLRljRSV9
*Walter Bloomberg@DeItaone
2 years ago
❖ Musk’s Starlink Profits Are More Elusive Than Investors Think SpaceX’s prized Starlink satellite business is still burning through more cash than it brings in. People familiar with the finances of one of the world’s most valuable private companies say Starlink has — at…

SpaceX to Dominate 2024 Space Launch Market with 90% Share, Starlink Drives 60% Revenue, Profitability Concerns Arise

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