The Falcon launch business is profitable on its own, which may be what GP meant. Once you include the ~$3 billion in Starship yearly R&D the space segment goes into the red.
It is what I meant. SpaceX has strong division between its operational and R&D arms, and Falcon launch has been insanely profitable from the first F9, even before reuse dropped their costs like a rock. They just invest those operating profits back into the company.