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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
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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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.