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Musk's SpaceX revenue doubled to $4.6 billion last year, and Q1 made a profit for the first time this year

2025-04-05 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, CTOnews.com netizens, and Daniel Wu for your clue delivery! CTOnews.com, August 18 (Xinhua)-- according to financial data from billionaire Elon Musk's space exploration company SpaceX, revenue in the first quarter of 2023 was $1.5 billion (currently about 10.965 billion yuan), according to a report in the Wall Street Journal on Thursday local time. The total profit reached $55 million (currently about 402 million yuan)-the company finally made a small profit after two years of heavy losses (but narrowing losses).

At the same time, SpaceX's revenue doubled to $4.6 billion (currently about 33.626 billion yuan) in 2022, reducing the company's loss last year from $968 million (currently about 7.076 billion yuan) to $559 million (currently about 4.086 billion yuan).

On the expenditure side, the company's total expenditure last year was about $5.2 billion (currently about 38.012 billion yuan), up from $3.3 billion the year before (currently about 24.123 billion yuan).

In mid-July, Musk's SpaceX told some investors that the company was expected to generate revenue of about $8 billion in 2023, about twice as much as the previous year, Touyuan PexelsCTOnews.com reported earlier, citing The Information.

The company also assured investors that it expects to make an operating profit of about $3 billion (currently about 21.45 billion yuan) this year, excluding costs associated with making rockets and satellites, at least by a measure that does not include costs associated with making rockets and satellites.

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