🇺🇸 SPACEX MADE $8 BILLION PROFIT LAST YEAR, IPO COULD VALUE COMPANY AT $1.5 TRILLION
Elon's rocket company is printing money.
SpaceX generated about $8 billion in profit on $15-16 billion revenue last year, with Starlink accounting for up to 80% of it.
Banks are estimating the upcoming IPO could raise $50 billion at a valuation exceeding $1.5 trillion.
They're also in merger talks with xAI ahead of going public.
From "rockets are a money pit" to the biggest IPO in history.
Not bad at all.
Source: Reuters @SpaceX