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Grand News Network | November 7, 2023

SpaceX Sets Sights On $15B In Sales For 2024, Banks On Starlink's Expansion

SpaceX is likely to register sales close to $9 billion this year while projecting a leap to around $15 billion in 2024, disclosed insiders knowledgeable about the matter.

As Bloomberg reported, Starlink, SpaceX’s satellite internet service, is expected to overtake the rocket launch division in terms of sales next year. This is due to the service becoming accessible in more international regions.

The privately held company, led by Elon Musk, provides commercial space on its reusable rockets along with satellite-based internet. Notably, SpaceX also has contracts with NASA for astronaut transportation and resupply missions to the International Space Station.

See Also: ‘Groking Will Become Like Googling’ – Elon Musk’s High Ambitions For xAI’s First AI Product Involves Making It A Verb

Earlier this year, a tender offer valued SpaceX at approximately $150 billion. The company is on course to register earnings, ...

Full story available on Benzinga.com


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