Elon Musk's SpaceX will be worth half-a-trillion dollars by 2030: Billionaire investor explains why
Starlink, SpaceX's satellite internet division, has attained a state where its cash inflow matches its outflow. Starlink, recognized as the largest satellite enterprise globally, operates a constellation of around 5,000 satellites in low Earth orbit. The figures offer a unique insight into the financial workings of the enterprise led by Elon Musk.
The company, under his guidance, engages in the commercialization of space through reusable rocket services and the provision of internet services transmitted from an array of orbiting satellites. Bloomberg News reported on Monday that SpaceX is anticipated to generate approximately $9 billion in revenue this year from its rocket launch and Starlink enterprises. Projections suggest a further increase, with sales expected to reach approximately $15 billion by the year 2024.
The people familiar with the matter indicated that Starlink's sales are poised to surpass and surpass the revenue generated by the launch business in the coming year. This shift is anticipated as Starlink expands its availability to additional global regions. As a result, it is foreseen that Starlink will constitute the majority of SpaceX's revenue.
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