Musk's SpaceX is expected to generate about $9 billion in revenue this year and $15 billion next year

Thanks to CTOnews.com netizens for the clues of sharing! CTOnews.com, Nov. 7 (Xinhua)-- Musk's SpaceX rocket launch and Starlink businesses are expected to generate revenue of about $9 billion this year, and sales are expected to grow to about $15 billion (currently about 109.5 billion yuan) in 2024, according to Bloomberg.

Sales of Starlink are expected to overtake rocket launches next year as the business moves into more parts of the world, when the project will account for the bulk of SpaceX's revenue, according to people familiar with the matter. After excluding some projects, SpaceX is expected to make a profit of more than $3 billion this year, according to people familiar with the matter.

It is worth mentioning that CEO Musk of SpaceX also said last week that SpaceX's Starlink business has achieved a cash flow balance. He said last year that "Starlink is still losing money" and that his biggest goal for the company is "not to go bankrupt".

The news is a milestone for SpaceX.

However, there are still few financial details about SpaceX, which is, after all, a private company.

According to several media reports, SpaceX's revenue doubled to $4.6 billion in 2022, overall costs increased by 56% to $5.2 billion in 2022, first-quarter profit was $55 million and revenue was $1.5 billion, and the Starlink business alone generated $1.4 billion in revenue in 2022.

In addition, Gwynne Shotwell, president and chief operating officer of SpaceX, said earlier this year that the company had achieved positive quarterly cash flow and expected to be profitable this year.