SpaceX reportedly earned $8 billion last year, with Starlink accounting for at least 50% of the revenue

Glonghui, February 2｜Reuters, citing sources familiar with the matter, reported that SpaceX, Elon Musk's space exploration company, achieved an EBITDA profit of approximately $8 billion last year, with revenue between $15 billion and $16 billion, and is expected to go public this year. According to insiders, some banks estimate that based on this, its financing scale may exceed $50 billion, and its valuation could surpass $1.5 trillion. SpaceX plans to launch the world's largest IPO around June 28, just before Musk's 55th birthday. Reportedly, Musk's satellite internet system Starlink is the main source of revenue, accounting for 50% to 80% of total income. Musk expects Starship to begin carrying payloads into space this year. Musk ultimately plans to use Starship to launch space-based AI data centers, a risky and emerging business still in its infancy, which is related to the proposed merger deal with xAI.