SpaceX Rivals NASA Funding, Starlink Soars with $15.5 Billion Revenue
Summary
SpaceX's Starlink satellite internet business soars, generating $15.5 billion in revenue this year, rivaling NASA's funding through public and private contracts worth $38 billion, while legally minimizing taxes.
Key Points
- SpaceX secures public and private contracts, putting it on par with NASA in terms of funding.
- Starlink, SpaceX's satellite internet business, generates more revenue than its rocket division and is expected to bill $15.5 billion this year.
- SpaceX has grown largely due to public contracts and subsidies, receiving $38 billion so far, but pays minimal taxes through legal means.