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Starlink’s Cash Surge Fuels SpaceX’s $2 Trillion IPO Push Amid Rocket Losses
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Starlink’s Cash Surge Fuels SpaceX’s $2 Trillion IPO Push Amid Rocket Losses
Starlink pulled in $11.4 billion last year. That’s 61% of SpaceX’s total sales. The satellite internet arm delivered $7.2 billion in adjusted EBITDA. Margins hit 63%. Numbers from an April 13 report by The Information. SpaceX’s rockets and AI units? They’re bleeding cash. Launches brought $4.1 billion, up just 8%. AI generated $3.2 billion but lags rivals like OpenAI. Total revenue topped $18.5 billion. Net loss neared $5 billion, thanks to $20.…
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