SpaceX Soars: Elon Musk Projects $15.5 Billion Revenue Boost
American billionaire Elon Musk has revealed that his space technology company, SpaceX, is set to generate nearly $15.5 billion in revenue this year, signaling the company’s expanding influence in the private space sector. The news was reported by Reuters.
Musk further stated, “By 2026, SpaceX’s commercial revenue from the space sector will surpass NASA’s $1.1 billion budget.”
SpaceX’s earnings primarily rely on its satellite internet service, Starlink, and cost-effective space launch services.
In 2024, the company set a world record by launching 134 Falcon rockets. This year, it has set a target of 170 launches.
Starlink has already deployed thousands of satellites, working towards expanding global broadband connectivity. Elon Musk has also indicated that the service will be publicly listed on the stock market in the future.
