Musk's SpaceX expects revenue to double to $8 billion in 2023

CTOnews.com, July 18 / PRNewswire-FirstCall-Asianet /-- Space Exploration Technologies (Space Exploration Technologies), owned by Elon Musk, is already the most valued private technology company in the United States, but the company does not seem to have any plans to go public for the time being.

According to The Information, Musk's SpaceX told some investors that the company is expected to generate revenue of about $8 billion in 2023 (CTOnews.com Note: currently about 57.2 billion yuan), about double the revenue of the previous year.

To put it simply, expectations for rapid growth in Tuyuan Pexels help explain the enthusiasm of some investors for SpaceX stocks, which have recently bucked the trend and even outperformed most listed companies.

The company also assured investors that it expects to make an operating profit of about $3 billion (currently about 21.45 billion yuan) this year, excluding costs associated with making rockets and satellites, at least by a measure that does not include costs associated with making rockets and satellites.

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