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by 908B64B197
1797 days ago
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SpaceX is a profitable business, especially with StarLink. They essentially got rival satellite operators to buy the rockets they then re-use to launch their payloads. And they managed to underbid everyone in the space launch business for government contracts (Even factoring in R&D costs the Dragon is incredibly cheap). Blue Origin and Virgin Galactic are just hobbies for the rich, but SpaceX might bring real benefits to "average joes" (just like the GPS system did). |
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Starlink isn't profitable yet, and won't be for several more years.
Parts of their business are definitely profitable today, for example the Falcon 9 launch business. Other parts of their business are being pursued in the hope of future profits, but those future profits are some years away.