Elon Musk: SpaceX Revenue to Reach $15.5B in 2025

A SpaceX rocket ready to launch (AP)

Tuesday, 03 June 2025 02:08 PM EDT ET

Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector.

The company's commercial revenue from space will exceed NASA's budget of roughly $1.1 billion next year, Musk said in a post on X.

SpaceX's success is driven largely by its satellite internet service, Starlink, which Musk has said will go public, but has not provided a timeline.

In early November 2023, Musk reported that Starlink had achieved breakeven cashflow. Under the Starlink banner, SpaceX has deployed thousands of satellites to deliver broadband internet globally.

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Elon Musk's SpaceX will record revenue of about $15.5 billion this year, the billionaire said Tuesday, underscoring the rocket maker's growing dominance in the commercial space sector.
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2025-08-03
Tuesday, 03 June 2025 02:08 PM
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