April 16, 2024

SpaceX reportedly turned a small revenue within the first quarter of 2023, following two years of huge losses.

In accordance with paperwork seen by The Wall Avenue Journal, SpaceX turned a $55 million revenue on $1.5 billion in income. Whereas that might not be a lot of a revenue, it’s much better than the $559 million loss final yr, and the $968 million loss the yr earlier than.

SpaceX continues to develop, securing NASA contracts and deploying its Starlink satellite tv for pc constellation. Turning a revenue this quarter is a major milestone for the corporate and its future.