this post was submitted on 18 Aug 2023
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SpaceX

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A couple of articles.

"WSJ News Exclusive | A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX" is paywalled.

"CNBC: SpaceX reportedly turned a profit in the first quarter" quoting from the Wall Street Journal, supra.

The Journal reports that SpaceX posted a first-quarter profit of $55 million on revenue of $1.5 billion. For the full year 2022, Elon Musk's rocket company posted a loss of $559 million on revenue of $4.6 billion, the report says. It roughly halved losses while doubling what it brought in during 2021.

SpaceX tallied $5.2 billion in total expenses last year, up from $3.3 billion the year earlier, according to the Journal.

u/tendie_time provided what seems to be a vertaim quotation of the entire article at

https://www.reddit.com/r/SpaceXLounge/comments/15u0cua/wsj_news_exclusive_a_rare_look_into_the_finances/jwnae4j/

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[–] [email protected] 7 points 1 year ago

Plus having the government as a customer is very different from receiving subsidies from the government. SpaceX certainly has got some r&d funds from nasa, but on the whole most of their "government funding" comes in the form of contracts that they won on merit.

Tesla's a bit different, but consider that the government intended to spend a bunch of subsidize the rollout of electric cars and I'd argue that they got what they paid for. Had it not been for Tesla moving aggressively into that space I don't think we've have nearly as many viable electric cars at this point. Certainly it's more of a subsidy to it was to achieve a specific policy goal and that's really not quite the same as (for example) when we specifically bail out a company with taxpayer funds because they are at risk of failure.