SpaceX’s revenue estimate for 2024 is $13.3 billion
According to an independent analysis of SpaceX’s announced launch plans for 2024, the company’s revenue in 2024 is predicted to be somewhere around $13.3 billion, including earnings from Starlink subscribers.
This independent estimate is less than SpaceX’s own projection of $15 billion, but what is important is that the revenue in 2024 equals approximately the total amount of investment capital that SpaceX has raised for Starship/Superheavy and Starlink. Add to this the estimated revenues from 2023, $8 billion, and it appears SpaceX is in a very healthy position to complete the construction of Starship and begin flying it regularly for profit.
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According to an independent analysis of SpaceX’s announced launch plans for 2024, the company’s revenue in 2024 is predicted to be somewhere around $13.3 billion, including earnings from Starlink subscribers.
This independent estimate is less than SpaceX’s own projection of $15 billion, but what is important is that the revenue in 2024 equals approximately the total amount of investment capital that SpaceX has raised for Starship/Superheavy and Starlink. Add to this the estimated revenues from 2023, $8 billion, and it appears SpaceX is in a very healthy position to complete the construction of Starship and begin flying it regularly for profit.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
That is very encouraging. Is the company profitable? Will be so wonderful if the democrats fail in trying to break Elon. I encourage him to issue an IPO of a new public company that would in turn buy a majority stake in Tesla. That gives Elon the controlling interest he wants, clears the field to focus on growing the company and shuts out the democrats.
Steve–
I don’t do individual stocks but… one sorta’ back-door way to participate in Starlink:
https://www.cnbc.com/2021/11/10/shift4-stock-surges-after-spacex-starlink-payments-deal.html
“Shift4 Payments,” they have a 5-year contract to handle all Starlink billing.
Jared Isaacman is CEO, Friend of Musk, and flew on the Inspiration4 mission.
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Very interesting ‘factoids’ in those revenue predictions.
Just skimmed quickly, but one thing was obvious– Starlink generates a ton-o-cash. (but that being said, pricing pressure in Europe, where a monthly sub is 45 euro)
Anyone have info on Expenses?
“Musk declares War on Disney, Funds all lawsuits..”
Timcast IRL (2-7-24)
https://youtu.be/4o7pCOHT060
(1:55:59)
Starship is looking good. But the government is standing in the way. There’s yet another lawsuit that may ground Starship indefinitely.
What’s the Texas court system going to do about these frivolous suits? I wish they would tell them to go stick a sock in it. It’s not entirely clear that they will, however.
This is a bit of a vignette of what is happening to this country. A bunch of thugs rule over us, and what do we do about it? Probably curl up into a fetal position. I hope not, but that is a possibility.
Wayne, to see Disney and Musk in opposing antagonistic roles is truly historically ironic, when you look back at how Walt was a forward looking and imaginative supporter of space exploration. The studio founder Lucas is a pre boomer obviously inspired by the imagineering around this and reality. Can’t say I like the idea of working this out in the courts when the barrier to entry to forming your own studio is so low today.
The article’s revenue breakdown is informative. When I first read the numbers in Robert’s title, and before reading the article, I could only think of revenues of about half the estimates, but the breakdown makes sense and includes better details on sources I knew about and includes a couple of sources I didn’t know about.
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wayne and GeorgeC,
I agree that Starship is similar to what Walt Disney and von Braun had envisioned. In the coming couple of decades, we will have to see if their dream rocket would have given them something similar to what they had expected.