• Doomsider
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    1 day ago

    Profitable like Tesla? That is not actually profitable without a big chunk (like a third) of their money from government subsidies.

    https://www.congress.gov/119/meeting/house/117956/documents/HMKP-119-JU00-20250226-SD003.pdf

    It appears SpaceX may not be as highly leveraged with the government with only 20% of its total revenue from government contracts.

    It is interesting to look this up but ultimately what I mean is long term profitability considering they will have to continuously replace their satellites every 5-10 years.

    The combining of his companies is a whole other level of fuckery that regulators should have smacked down instantly, but you know reality.